Eurcadsell
EUR/CAD SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
EUR/CAD: Daytrade-Preparation
Market Sell: 1,52580
Stop-Loss: 1,53145
Target 1: 1,52050
Target 2: 1,51600
Target 3: 1,51170
Stop-Loss: 56,5 pips
Risk: 1%
Risk-Reward: 2,5
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Irasor
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EUR/CAD SHORT [Technical Analysis] 15-MAY-2020It's around 7 hours to the close of the market week. And I say we go short on the Euro/Canadian Dollar Pair. We might see prices going to as low as 1.5187 from the current 1.5257. With Zero consolidation in between. The Bears seem to be going for the home run.
If we take this trade, the Risk/Reward = 1.9 or thereabouts.
EURCAD short-sell daily EURCAD short-sell daily timeframe overbought rsi, bb and demarker in weekly
1.52 price respected resistance 2017 yearly and 1.42 support support 2017 yearly
1.40 price possible for take-profit until next week economic calendar euro weak release and cad strong release
Moving averages, macd, macz-vwap and rsi ema crossing for short
Strength momentum indicator strong cad m5-d1 weak for eur m5-m15 chance until hourly
Alot of economic calendar release & news would be released next week expect for volatility
Pattern stage 3 profit taking for EURCAD stage 1&2 already complete
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SHORT trade brewing on EURCADEURCAD has pushed relentlessly north for the last 15 hours and we have overbought conditions on several time frames. WR1 is now in striking distance. This will be an irresistible target for EUR BULLS and its likely the BEARS will stand aside ready to pounce when the price hits WR1. This is a nice setup as SELLERS will avoid the market until this level is reached and WR1 will be crowded with SELL LIMIT orders (including my own).
Get a SELL LIMIT order at 1.5433 with a 25 pip STOP LOSS. Target will be adjustable depending on market action but 1.5270 area look a good place where the buyers may come in.