Selleurcad
EUR/CAD +65 Pips Congratulations if u entered with me According to the price condition now it is facing a very strong resistance that forms a celling to it right now and it created a downtrend line with 2 waves and now we are about to create the third wave.
If u used ur fib tool u will see that the price is near the 61% and 71% fib level that’s why i chose to put a sell limit order around 1.46750.
I also chose 50 pips to be my stop loss as if the price came above 78% fib level and closed with a daily candlestick it means for me that the price will continua rallying up and the downtrend will end. And for the take profit i prefered to take around 250 pips.
Hope u guys make good profits with me and if u entered with me are u agree write to me in the comments.
EURCAD Bearish Flag and BoC Hiking Rates tomorrow.Hey traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.372 zone, once we will receive any bearish confirmation the trade will be executed. Keep in consideration also BoC Rate statement this week where we expect a hike of 0.50 which gonna contribute to CAD strength.
Trade safe, Joe.
EURCAD shortHey Traders, today we are monitoring EURCAD for a selling opportunity around 1.14245 zone. we noticed a breakout of the daily demand zone , so we might consider going short on the retrace.
Once we will receive any bearish confirmation the trade will be executed.
Trade safe and use proper risk management.
Joe.
Trying to reverse EURCAD positionsLast idea attached below is about buying EURCAD. Yesterday we have on it 1 SL and 1 price movement near 80pips. Who closed profit - are good boys :)
Today price closed below buy level (1.5053 and 1.5077) so we trying to sell this pair.
Open sell position on EURCAD - 1.5053
SL - 1.5068
TP - 1.4906
RRR - 1:8.3
Risk reward ratio certainly is too big to be taken. So we'll close sell positions earlier.