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Eurcadsetup

EURCAD reversed from resistance, potential drop! EURCAD reversed off its resistance at 1.46172 where it could potentially drop further to 1.45315. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
2
EURCAD Market Outlook | Daily Forex Market BreakdownEURCAD Looking bullish right now, but we have failed to push above resistance multiple times. We need to see how price reacts at the current resistance. If we see a strong break above we could see a bigger move to the upside, that being said if we fail to break above resistance again and we see a hard rejection we could completely melt to the downside. EC is definitely at a make it or break it level right now. Watching very carefully.
by Layne_LV
EURCAD 240MHello traders! With this trade, we want to grab 40 pips between lines B and C. If you look a the circle on the chart you can see price never reached line A, so the build up needed to push the T2 level all the way to line C never happened. If you were in the T2 trade, you would still be in it now cause the stop loss was not hit. These trades can be taken with a sell stop order as a set and forget setup. There is no need to wait for price to close, wicks excluded, below line B. It`s recommended to position your stop no further away than 1:1 RR away from entry, although this may vary with markets and volatility. Best, Jay
Short
by TrapReversalTrading