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 breakout and confirmation of this Diamond-Pattern.
Market Sell: 1,55680
Stop-loss: 1,57600
Target 1: 1,52220
Target 2: 1,51000
Target 3: 1,48900
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Peace and good trades
Irasor
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EurCad- 1.5 zone to provide strong resistanceFrom the low on 20th February, EurCad has risen almost 800 pips and from the past 9 trading days, only one is a red one and is more kind of a Doji candle.
I think that 1.5 will provide strong resistance and the pair could drop 200-250 pips before the uptrend will resume.
Looking to sell for a short term correction.
EURCAD Peace and PIPS!Pay attention to this value, is now giving us a short entry to retest the downtrend and to arrive to the 38% of fibo after the big rise, we need to be focused with the accumulation in the monthly before the entry so wait the confirmation.
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Will EURCAD Drop next week?In my previous EURCAD idea, I mentioned about buying near 1.43 with final TP at 1.47. We already got 400 pip profit from our Buy trade(check idea attached below). In this idea, I will present a potential sell set-up that can give us a decent profit if it works.
First of all, the rally in EURCAD has been massive. I expected a bullish run towards 1.47 as I mentioned in my previous idea but I didn't expect it to be so quick.
Dramatic sell off in Wall street has lead to a huge surge in this pair. As CAD is a risk asset correlated with Oil, CAD's value drops very quickly during such sell offs in the stock market.
That being said, I feel the sell-off in the market is going to have a pullback next week which might give us an opportunity to sell EURCAD.
Today's daily candle in EURCAD has almost been reduced to a pinbar, which means sellers took control and buyers gave up all the gains.
So, if price doesn't break 1.4880 in the next week, we can expect a drop towards at least 1.45.
I will update this idea. So make sure you follow me to know about the exact entry.
EURCAD, SCALPER and SWING entries!I will explain now the first entry (the scalper one) we have a lot of confluences in this analysis that the value needs a retest before the big increase: 1st, the value needs a accumulation in the daily KL, 2nd: The retest in the downtrend, 3rd: the chinesse candles says to us that the value will fall, 4th: We also need a retest in fibo, at least in 38%, 5th: EXY stays really strong in this moment, but it's starting to stabilitzate, so it's a good moment to sell.
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