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Bearbias

CAD/CHF TOP DOWN ANALYSIS|SHORT BIASI am waiting for a breakout in one direction or the other, on the daily, which you can see below. On a lower timeframes I am expecting a downward move and the upward channel/bear flag support line retest. Remember, that we are trading confirmed breakouts only, and after a pullback, so that we could have a nice risk reward profile. I am somewhat short biased, to be honest. Trading daily timeframes is preferable, for it allows one to realize proper volumes, being able to enter the position piecemeal, accumulating the volume with limit orders, getting a nice average entry price. A nice tip for anyone with a somewhat decent account size(above 500k USD at least) The spread is less sensitive for you in that case too. But remember, that long term positions can screw you with the swaps costs. Guys, like and subscribe to support the channel! I really appreciate the effort! Wish you all luck in your trading!
Short
by ProSignalsFx
2
EURO Vs Loonie (EUR/CAD) Trade Idea and Plan: Bullish biasEUR / CAD has developed higher lows connected by a longer-term upward trend line and also displays lower stochastic lows. This bullish divergence indicates a rebound may occur. With little eye-catching improvements for leading indicators for the eurozone, in this session, I'm hoping to catch a quick bounce for the shared currency. On the flip side, there might be enough expectations for another dip in Canadian retail sales figures to keep the Loonie on a weak footing. On top it all off, the resurfacing uncertainty surrounding trade talks between the U.S. and China could hold a veil on gains for commodity currencies and the dollar, reversing the euro may have chances in that case.
by jessi061