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Eurcadshort

EURCAD Trade IdeaA 'sell' opportunity just presented itself on the euro-loonie trading chart following the bearish inverted pin bar at the end of the bullish run just below the 1.37664 daily horizontal resistance level. If you enter this trade at 1.37482 and put your stop at 1.37787 (about 30.5 pips) and target at 1.35355 (about 212.7 pips), you could be looking at a reward-to-risk ratio of 6.97. Please cross check with your setup before placing any trade. Your FX Plug, Charles
Short
by charles-okoukoni
4
EURCAD | NEw perspectiveConsidering the long term bearish momentum coupled with a reversal set-up on the 1H time frame; It is advisable that we look out for selling opportunities at this juncture in the market. So with a key level identified at 1.355, we shall be using this level as a yardstick for our position. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EUR/CAD:PRICE ACTION | PRICE IS FALLING AFTER TOP/DIV. SHORTHello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Short
by DAY_PROFITS
2
Bearish Trade EURCAD 4HBearish trade idea on the EURCAD 4H... Price has been in a downtrend for months. Price is now in a descending wedge and has recently broken most recent outside return to the downside. Price has touched the upper support trend line 3 times and respected on the third touch. Price was rejected at the 618 Fibonacci retracement from the most recent swing high. Price is also at previous level of structure resistance. Price also put in lower low, lower close candle. Entry price was at 1.38953 Stop loss set at 1.40070 Take profit 1 set at next obvious level of structure (conservative profit taking) 1.37741 Take profit 2 set at lowest close of most recent outside return 1.36878 I will remove half my position size at TP 1 and move SL to breakeven.
Short
by hongkonginvestor