EURCAD short profit taking.Profit taking on friday which could also be triggered with some good news for cad tomorrow.
Eurcadsell
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
Follow @Bizlus
EURCAD short speculationSelling EURCAD at CMP or after a minor pullback based on price action and indicator signal.
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.!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
EUR/CAD Sell OpportunityIt seems EUR/CAD is on bearish trend. It's hovering around it's resistance price @ 1.54102. this is the best time go sell until price @ 1.54102
SELLING STEP FOR EUR CAD THE PRICE IS @THE FINAL STEP OF WEDGE FORMING INTO THE BIG DAILY CHANNEL
TP AND SL IS CLEARLY SHOWING ON CHART
[symbol="OANDA:EURCAD"]OANDA:EURCAD[/symbol] SELLOANDA:EURCAD SELL
Hello traders here we have strong demand zone and possible double top pattern
so i sell from here, targets on the chart
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.
EURCAD double top formation followed by a major downfallHi guys,
Looking at this 1 Day chart, we can see there was a double top formation and the chart has started to go on a downtrend reversal.
Hence, i believe this trade go down to the 0.618 level before next the consolidation period and based on the previous downtrend back in 2016, we can expect another pullback before further downtrend.
T/P at 1.5115
S/L at 1.6110
R:R 1.8
Please don't trade more than 2% of your capital
Hope you earn some profit from this idea
Cheers!
EURCAD SHORTwith this NAFTA and Tariff outta way and EC outta the wedge..this one has the potential to go back all the way to 1.55
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 :)
EURCAD ShortEURCAD has been forming Lower Lows and Lower Highs and has retraced to the 61.8 Fib in the 4hr time frame great opportunity to go short
EURCAD Sell opportunityCURRENCY PAIR: EURCAD ;
Time Frame: 1D - 4H;
SHORT OPPORTUNITY.
R/R Ratio : 3.0
Retest broken trendline + support line.
EUR/CAD potential shortLooks like we can expect some bearish momentum next week. Looking for a potential entry.
Eurcad A Drop is Ready for 300-500 pips as holding below 1.49Eurcad Trading around 1.4735 level where its ignoring above 1.4850 level and weekly top also seems around 1.4850 level.
If pair hold below 1.4850 we can see drop toward 1.44-1.45. Advice to sell pair in range of 1.4730-1.4820 SL above 1.4920 TP1 1.45 TP2 1.4350
Short: Retest Look wait for Sell Signal..This pair could have broken support, but i will wait for confirmation before taking a position
EURCAD Ready To Move upEURCAD on the daily time frame is getting close to its lower range and from above its getting squeezed by a resistance. This gives the chance on a nice strong upwards break the next days that can give 250 pips
TP: 1.4990
SL: 1.4630
Structure Exposed!Hi guys,
this is a trend continuation trade that i was paying attention to from last week. Now price has finally reached the structure zone and i want to be able to capture the movement that can be generated here, hopefully on the right side, that i think is bearish. That's why i'm waiting for a double top completion in order to get an entry signal to the downside. Stops would go above the highs, targets as i will show on updates.
I'll let you know if i manage to get involved.
If you want to share your view/ideas, feel free to comment below.
Otherwise, see you in the next chart!
Broken Support Becomes ResistanceHi guys,
this is a trend continuation trade that i was paying attention to from last week. Now price has finally reached the structure zone and i want to be able to capture the movement that can be generated here, hopefully on the right side, that i think is bearish. That's why i'm waiting for a double top completion in order to get an entry signal to the downside. Stops would go above the highs, targets as i will show on updates.
I'll let you know if i manage to get involved.
If you want to share your view/ideas, feel free to comment below.
Otherwise, see you in the next chart!
