Eurcadsell
EURCAD Setting Up For A ShortThe larger time frame suggests that there is more downside to come on EURCAD. The current corrective structure has broken and I await the break of the smaller flag formation. This could come in the form of 3 or 5 waves as indicated.
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Linton
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EURCAD SHORT? 109 pipsEUR pairs have taken a beating lately. NFP tomorrow may give it the right kick to reverse to the upside!!
For EURCAD NFP News tomorrow could rocket price up and ignore the shoulder or we could expect resistance before the break back up to complete the right shoulder, respecting the trend.
Remember to trade your plan www.babypips.com
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EURCAD - SETUP - WEEKLY CONTINUATION - 16 MAYWELCOME TO DACAPITAL TRADING!!
EURCAD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bearish explosion and close below previous week low, expecting further drops.
DAILY
Strong Seller pressure over last few weeks, we follow this price action.
WEEKLY
8 out of 9 last Weekly Candle closed bearish.
LEVELS
SHORT @ 1.51276
SL @ 1.52324
TP1 @ 1.50156
TP2 @ 1.49636
TP3 @ 1.49128
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
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DACAPITAL TRADING
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.