**** Long Canada Short US Oil Gas ETF ***Intra-sector Energy Trade here
Canada Index Trading on a low relative to XLE US Energy Oil and Gas.
There is a strong Reversal potential here
EWC trade ideas
EWC - 6.17% Profit Potential Swing Trade Setup - PennantBullish Pennant formed after a steady bull run.
I have not identified a clear technical target, however, I love the risk/reward ratio on this trade and I still feel this is an opportunity to pursue.
- Target Entry: $36.83
- Target Stop Loss: $36.50
- Target Exit: $39.00
- Risk / Reward Ratio: 6.58
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Short EWC. Time symmetry and fib retracement levelsEither a clean break at time symmerty at the fib level, or a false move up first. Or, the short setup fails and the short-term bullish trend continues
SHORT Canadian index EWCEWC is based mainly on financial sector and banking depends on house debt.
Real estate market in Canada didn't suffer as US RE so the potential is reall big.
I am looking for an entry.
EWC Long after consolidation in uptrendEnter EWC after breakout above recent highs with stop below recent lows
Another 28% Fall is very likelyPrice now in 2009 levels but above 28% from the low. Before any relief is seen there is a good chance we will see that lows in this year. Go realtime alerts www.2waytrading.com
True North, Looks Strong & Almost FreeLooking to Break the downtrend, The almighty dollar will hold the answer this week&next
