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EUR-CAD

EURCAD SS Short + 117 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.4747 Stop = 1.4767 Risk = 20 pips Profit target = 1.4630 ( The projected daily low ) Reward = + 117 PIps RRR = 5.85 - 1 2nd Entry = 1.4699 Stop = 1.4629 Risk = 30 pips Profit target = 1.4609 Reward = + 90 PIps RRR = 3-1 I would appreciate if you leave a comment or like as a thank you Have a great week ! Allen
Short
by AGold54
5
EURCAD - weekly pivotsOne more close look at EURCAD, what and where you can target after head and shoulders above yearly pivot line (didnt plot that). U see MACD can be used to confirm important horizontal resistance levels. But volume is a key, its a fuel. Price will move where the volume goes violating all trendlines you draw. Dont trade without checking the volume. Trendlines dont work, its waste of time to draw them on charts. From my experience Chaikin AD volume line is the most accurate. But I use it in combination with OBV. If OBV and AD line move in same direction - price will follow there. If they diverge, I will avoid trading, it might indicate ranging. Stop 14 pips above daily R1 (didnt plot that), which is slightly above weekly R1. U see big boys do hunt stops above pivot points. Usually it pierces 4-10 pis above as most stops are tight above pivots.
Short
by ICFX
1