I recently marked up this pair with a bearish prospective ( i have attached the mark up) since then, price moved bearish and hit our take profit level. Price has moved bullish since then into what we can potentially see as a retracement. We may then see price break lower and move toward our take profit level. Entry - grey line Stop loss - red line Take profit -...
EUR/CAD recovering from the low again, but on the low test. Trade safe.
EUR/CAD, after push up higher was not able to lose its gains and is currently finding its support for a push higher up as we can confirm looking at the 4H and 8H chart. We can buy the low test and put our SL anywhere near the last low. Trade safe.
EUR/CAD has been in consolidation on the 8H chart for now 3 weeks. It's failing to make a move down. Bulls are getting in and preparing for the bullish move thus preventing the pair to make a move down to a lower low. Leave 80-100 pips SL and double the TP. You will have to hold this position for arround a week or more. Trade safe.
EURCAD Has a perfect downwards trend-line going on that has not yet been broken. Very well respected, time to sell?
EUR/CAD has broken the 50 ema and found support on top of it. We can expect the move to continue up higher as long as the 50 EMA holds as support. First TP: 1.5295 Second TP: 1.5345 Third TP: 1.5395
OANDA:EURCAD SELL Hello traders here we have strong demand zone and possible double top pattern so i sell from here, targets on the chart
I was stopped out from my set up to counter trend trade this pair. Well, I'm disappointed but losing is part of trading and as long as I know how to manage my own risk on every trades, I'm ok with it. I'll keep watching on this pair if the price can break the resistance level and wait for price action on the pullback to take long position. If this pair does not...
Counter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is...
Counter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is...
CURRENCY PAIR: EURCAD ; Time Frame: 1D - 4H; SHORT OPPORTUNITY. R/R Ratio : 3.0 Retest broken trendline + support line.
Since gapping up, price has tested and respected a major support/resistance area bounced up from it. Today we've seen price has touched this major support level and price did pierce through but quickly pulled backed and has respected this level. Zooming in on the 4H time frame, candlestick pattern confirms a reversal in the downtrend to an uptrend is probable and...
The pair is trading within an ending diagonal. We should short at the rejection of the Triangle Resistance with Profit taken at 50% or 61.8%
Due to the falling wedge pattern the price has appreciated, now it is time of correction before moving further upwards. We go Short on this pair at the current level and book our profits at 1.3950 level.