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Eurcadsell

EURCAD, daily tf, sell ascending trendline break Hello my friends, Another trade to take today is EURCAD pairs. I've been watching this pairs since the big bearish candle took out that ascending trend line during December 4th. We could see this pair go lower again because the last 2 days candle has failed to closed back above the trendline. This trend line pretty much become a resistance now and there is horizontal resistance as well at 1.5530 area. Notice EMA10- and EMA-20 now become a resistance as well and located around 1.5520-30 area. We could draw a conclusion that 1.5530-20 area is an area of confluence resistance and it will take a big power from buyers to take this resistance down. Notice also the last 2 daily candles are bearish pinbar. It means sellers are in control of this pair and don't want EURCAD to go higher for now. Sell EURCAD 1.5525 Stop loss 1.5580 Take profit 1.5360 (3R) RR ratio 1 : 3 Use only 1-2% risk Good luck Disclaimer : i hold EURCAD sell from 1.5525
Short
by HayatoDragonFX
1
EURCAD, 4hr tf, sell after wave-4 retracementHello my friends, Another setup for the coming week is EURCAD pair. As you can see, the recent movement of EURCAD could be analyze using Elliott Wave theory. We could assume the recent movement to the downside as an impulsive wave-1 and wave-3. After this impulsive wave-3 we could expect price to retrace. Wave-4 usually retrace around 23.6%-50% fibonacci retracement. Well, for the best trade setup we could try to set a pending sell limit order around 50% retracement because it will give us a favorable 3R setup. Sell limit EURCAD 1.5570 Stop loss 1.5610 Take profit 1.5450 (3R) RR Ratio 1 : 3 Use only 1-2% risk After price move according to our direction for 40-50 pips, please set SL to BE or take partial profit Good luck
Short
by HayatoDragonFX
EURCAD, 4hr tf, sell channel breakout retestHello my friends, Last setup for today is EURCAD pair. As you can see there is a ascending channel which has been broken recently. Price retest this channel twice and failed to close back above it so i could say it is now a valid resistance. We could see price rotate lower from this point. The last 4hr candle also looks like a bearish pinbar which is a good indicators that sellers are in control for now. Sell EURCAD 1.5490 Stop loss 1.5520 Take profit 1.5430 (2R) RR ratio 1 : 2 Use only 1-2% risk Good luck Don't forget to check my other ideas that i posted recently and give it a thumbs up.
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by HayatoDragonFX
EURCAD - SWING - 16. NOVE. 2020Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Very bearish price action and pressure. 4 HOUR Closure below main sr level! DAILY Expecting prices to push lower now.. - FOREX SWING SELL EURCAD ENTRY LEVEL @ 1.54750 SL @ 1.55620 TP @ 1.53430 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
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by DACapitalTrading
20
EURCAD, 4hr tf, sell on broken trend line retestHello my friends, There is another setup i just found which is EURCAD pairs. Before i start, if you find this post useful, please give me a like and follow me for my next update. Price currently moving inside a downward channel and price was rejected at upper line touch. There is also horizontal support which has been broken and I am now preparing to sell this pair. I am gonna sell on the retest of trend line so we could get a better RR ratio. There is possibility the previous upwards movement was a bearish flag. The measured objective of this bearish flag target is at 1.5320. Sell EURCAD 1.5550 Stop loss 1.5600 Take profit 1 at 1.5430 (2.4R) Take profit 2 at 1.5330 (4.4R) Use only 1-2% risk Good luck
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by HayatoDragonFX
EUR/CAD SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. EUR/CAD: Daytrade-Execution Note: keep your risk low in this market. pretty slow and in waiting mode! Sell-Stop: 1,55450 Stop-Loss: 1,55920 Target 1: 1,55045 Target 2: 1,54740 Target 3: 1,54295 Stop-Loss: 46 pips Risk: 0,5% - 1% Risk-Reward: 2,54 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
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by Trading2ez
EURCAD - Running +7% on 1% riskEURCAD - Sell running in profit The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
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by pow_removetheguesswork