EURCAD short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
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GWBFX
Eurcadshort
EURCAD - Bearish BiasEUR - BEARISH
1️⃣ EUR declined amid the demand in USD.
2️⃣ German investor morale fell more than expected in November.
3️⃣ Investors remain concerned about rising COVID-19 cases and new lockdowns across Europe.
CAD - BULLISH
1️⃣ The CAD benefitted from the rising in oil prices amid coronavirus vaccine hopes.
2️⃣ Risk-On tone support the CAD.
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Technical
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We are selling the EURCAD at resistance zone + below SMA 50 in H1.
EURCAD, 4hr tf, sell on broken trend line retestHello my friends,
There is another setup i just found which is EURCAD pairs.
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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
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
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Peace and good trades
Irasor
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