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Eurcadsetup

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
Short
by razeswag77
1
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.
Short
by theforexportal