Eurcadforcast
EUR/CAD Breakout ChancesHere from the analysis EUR/CAD hovering around it's support price @ 1.59319.
Currently there are two possibilities,
1). The price will break the support and it will brearish until price @ 1.57642
2). If the price retraces after reaching support price then there is a good bullish chance until price @ 1.61458.
EURCADCounter 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 a strong indication of reversal especially when it is on the support and resistance level. Be mindful that counter trend trade is a lot more risky than trading with the trend. This may also be a bear trap. Let see how it goes :)
Short at 1.5445 for target 1.5370 =75 pipsShort eurcad due to overbought in many time frame and also EUR Outperform compared tp all the data that he got this mast days especially for Inflation.
And cad i think he little underperform all currencies
so i make this trade in short for a small legit pullback
enter at 1.5445
target a pull back to 1.5370 but can go more deep,but i prefer stay on this cluster target..
gains 75 pips
2 x 1 lot like all time
will cut the first at +35-45 pips and make a SL on the "nd lot at +20 pips for secure all gains
Short at 1.5251 target 1.5100 sl 1.5315i SHort the eurcad i found cad is undervalued and i see nor eason why eur still strong
the eu cpi was just in line with expectation and core cpe missed expectation
2 ifo this morning was bad..he up just because of risk sentiment and speculation same as gold
short at 1.5251
target 1.5133
sl 1.5315
gain 152
SL =64
EURCAD Trend Continuation, Strong Impulse in ProgressHi there,
We have completed the regular flat and are now starting the next impulse. My trade would be on the 1H time frame (or even lower) once another flat forms in order to get into the buy (2nd position). First position was at the bottom of the structure.
I am now expecting the next big impulse up, except something changes drastically in the structure.
MisterRay
long short term on RSI bullish divergence enter at 1.4775 i see abullish Rsi divergence in h1
he is oversold in h4
CAD got power on a Saudi topic and the big bullish WTI,Brent
but i think he will habe a pullback as also wti and brent are overbought and the reality will come after speculator.
enter at 14775
target 1.4870
gain 105 pips