EURCAD Bears in control
Updated
Trading method: RSADVANTAGE Stage 5, 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair.
EURCAD H4
Technical Outlook
To open short positions for EURCAD, it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into NEGATIVE territory alongside of our other system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry.
Notes: Moderate downtrend has been established on this pair. Top of the watch list for 12/11/2017-12/20/2017.
Risk Description: Once signal is confirmed 202 pips will be up for grab with small risk SL at swing high.
Profit expectations: 2-3 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 1.52170
Swing Low: 1.50130
EURCAD H4
Technical Outlook
To open short positions for EURCAD, it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into NEGATIVE territory alongside of our other system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry.
Notes: Moderate downtrend has been established on this pair. Top of the watch list for 12/11/2017-12/20/2017.
Risk Description: Once signal is confirmed 202 pips will be up for grab with small risk SL at swing high.
Profit expectations: 2-3 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 1.52170
Swing Low: 1.50130
Note
NZDCAD same story different pair
Note
Opportunity still valid, looking to execute order this week.Order cancelled
OBV Trend Filter is now bullish
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