there is 2 opportunity on this pair at t his moment.
1- put tight stop about 60-100 what ever ur position size is under of bull trend and buy it for short term after get 100 -200 pip get out it.
2-watch out trend line break out and retest as higher low and get sell position long term.
"i was in sell position 1.37668 since 15.05 friday. my profit was about 250 pip"
all deteails in analysis my favorite pair to trade.
shorterm and long term trade key points put pending order there and get some profit to your pocket.
Position Duration and Stoploss Lvlv
Sell Zone -1- put your stop loss level 100 pip higher than sellzone trade lvl"...
after news came from usa (cpi) euro increase against usd and other pairs to.. my opinion is this increase wass all about some profit for buyers in short time.
im a bearish trader and i like to wait price reach my specific points after that im getting position. you have to be patient and wait price reach to sell zone.
137.870 stronger key point resistance.
Strategy was all about mathematics probability. im in sell position dont be late for high price :))
every high price has to be chance to trade for getsell position in long term trade (weekly minumum 2).
looks like gona reapd "rsi down move trend touched and reverse through higer lvl in daily chart" so going more drop down. to 1207.75 sell position in short tim..
actualy all traders are waiting to price reach on this sup lvl to get position.
im so wondering about that whats gona happen when price has reached there.
show us is history all about repeat again again ? or not..
price has been reverse throught to up.
fibonaci retracement and rsi showing price gona move to up.
rsi 50 lvl almost break out and giving signal for buy.
we have to wait for price has break out down trend and open on down trend then its good time for buy.
eurcad pair properties
i want to let u know about eurcad currency like to drop down when price touch to...
there is 2 key points lvl on this chart "1212.46" 1180.56"
weekly rsi showing price going to litle bit down i gues the price will be a bit more down 1212.46 until stronger sup.
fibonaci retracement when gona give to %50 back of to down through to up? we have to wait for oversold for fibo retracement complated to %0 and start t o reverse to up and gives back...
stronger resittence lvl 2.92372 if price break out of this resitence good time for buy in short time target 500pip.
if xabcd pattern can go to "B" dont be hurry for sell trade just watch out til stronger resitence lvl 2.92372
and wait for rsi lvl overbought cuz price looks like gona go to up until resitence lvl.
when u see markets and rsi shows overbought lvl...
price touched out of down 4h trend. short time it was good for sell position.
my opinion is price will be go to down till 1.42530
1.42530 same lvl on rsi (50.00 ref)
watch out for this and have good trade
price going down day by day.
im just waiting for sensitive points to trade.
1.40541 important watch out for break.
Position duration thorugh to stronger supp lvl.
just get relax and wait for right time.
as i said price has not enough power through to up in short time.
Sell position can make some profit for all of us :)
108.113 stronger resistance do not forget market stil in bullish trend
strategy for longterm= Buy 103.554 Bullish Market
for now its not a good time for trade(buy&sell)
but canada doesnt want to their own currencey(Canadian Dolar) getting stronger then u.s dolar cuz to adversely affect their trading market between of usa.
as i said its early to say something about buy and sell we have to watch out for key points on my analysis when price has reached there we can get good profits.
price is swiming on dangerously decide area has reversed on huge bullish trend.
upper trend wedge formaton lvls important.
huge daily trend have to watch out.
168.050 strong sup lvl
markets stil on bullish trade in shortly time has high risk we have wait for key points for trade. when price is break out of daily huge trend alternate stratgy is sell.