An inside bar/fake-out setup formed in the EURCAD minor pair last week. These types of setups can be very powerful false break signals where large numbers of retail traders were tricked into going one direction and price immediately whips in the other direction, trapping these traders. That can provide strong movement in the other direction as these traders are...
We are below the MA's so no reason to look for shorts on this pair. CAD has had really good data and we can see actually CAD pairs responding to this. Target would be 1.54 if it breaks below the current support zone, and since I trade with the trend, I would have a my SL in accordance with my MA's
Hello there!
Rolf here and I am starting a new video series where I will regularly do new videos about charting concepts, explain indicators or also cover other trading topics.
Today, I started with trend strength analysis and how to read momentum with 3 important tools
1. 2 Moving averages
Look for a breakout of a range and a separation between a longer...
Hi Traders,
TradingView has given me a great opportunity to share a short video with you breaking down the EUR.CAD in a little more detail explaining the initial confluence, entry, stop loss and take profit levels.
Thank you for the continued support & a BIG thank you to TradingView for their continued amazing work and service.
