Price is at weekly resistance & on lower time its shows bearish .Thing to note is on monthly chart the trend is still bullish
Weekly on resistance as well as reached trend line ,but on monthly the trend is long .This is swing trade short CAD is fundamentally supported by recent crude price as well the recent employment
With this the risk is limited & there is a potential of making 2x .I assume there will be a fake brake upwards then the selling starts to $5300 from the straight to $8000
With this the risk is limited & there is a potential of making 2x .I assume there will be a fake brake upwards then the selling starts to $5300 from the straight to $8000
Fundamental are pointing towards AUD strength for coming few months Estimated time to hit TP - 12 weeks Estimated time to hit SL -2 weeks RR 1:2.84 Entry-0.09314 SL-0.92664 TP- 0.97052
Short EURCAD Reason for short ? 1.On Fade Zone 2.Weekly resistance 3.Reached upper trend line 4.COT reports point towards a weaker Euro
Wave pattern points long & other observations points towards upside move .looking for 90pips RR 1:1.5
Long on Cable squeezed on triangle & further upside movement
Short on EURCAD overbought on 1hr
Long on SP500 lots of gap to fill upwards
On a triangle & rejection on the trendline
Short EURAUD & looking to hit target in 6 days .RR 1:1.76.On other EUR pair its over extended as well .It all points to Eur short Now its a waiting game to see what market have in mind
On a fade zone & looking for a day trade on 4 hr chart .Will move stop loss to break even if the market reaches 1.58900
On fade zone & likely trend reversal on 1 hr chart .Will move stop loss to break even when the market reaches 2724.00
Wave patter points towards 1.50 mark