Time to short EURCAD
Updated
Nothing special, it is very bearish.
EURUSD should go up now, even to 1.15 maybe.
USDCAD logically should go down.
EURCAD chart by itself is bearish and at resistance now.
MA20 and MA50 cross etc.
Everything points to it going down. Maybe once the daily candle closes.
A counter argument would be this EW count, but I do not think it is good:
This could be one, cannot tell for sure.
Weekly chart:
Another reason to go short (if day closes below support).
Waiting for the day to close below support and then going short.
EURUSD should go up now, even to 1.15 maybe.
USDCAD logically should go down.
EURCAD chart by itself is bearish and at resistance now.
MA20 and MA50 cross etc.
Everything points to it going down. Maybe once the daily candle closes.
A counter argument would be this EW count, but I do not think it is good:
This could be one, cannot tell for sure.
Weekly chart:
Another reason to go short (if day closes below support).
Waiting for the day to close below support and then going short.
Note
Should have listened to my own advice and waited for the next levet, just like the rest.
Note
I guess we are getting into an area where it is interesting to short it.Otherwise...next one...
Note
Rejected 0.236 fib.It should stop at 1.50 at worse with high probability...
Probably went a bit too big on that one, wups.
Note
Zooming in I am seeing overbought conditions and RSI divergence.Finger crossed I don't take a punch to the teeth.
Note
I feel this will go over the week end.Just HODL.
Trade closed: target reached
Good thing I went premium.Instant sms alert.
Closed all my eurcad and audcad positions and cleaned my pending orders.
I cannot ta from where I am... some idiot lady suicided on my train ruined my day...
Hence closing every thing on this big dump.
I made so much money lol, compared to july...
FINALLY A GOOD WEEK.
Victory is sweet.
Note
Within 1 hour, a drop of 10 canadian cent.Damn.
Can't tell how good this feels.
And also, how awesome it is to know that awful boring sideways that started mid june and lasted till last week, is finally ending.
I made more research and I understand these trends even better than before.
Next week is going to be awesome :)
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