Eurcadshort
Jamie Gun2head Trade - Selling EURCADTrade Idea: EURCAD Sell
Reasoning: Head and shoulders top? I think (hope) so
Entry Level: 1.3615
Take Profit Level: 1.35350
Stop Loss: 1.3641
Risk/Reward: 3.08:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other
EURCAD SHORT IDEA 20TH JUNE 2022We have seen a clear bearish structure overall on the higher timeframe on this pair and we have currently tested a clear supply zone and we currently are seeing sellers in control of the market but this pair might get to reverse during london session to take out the asian highs but we will see use good risk management.
Note consequent updates on this pair will be added as comments!! cheers!
EURCAD short missedGreat trade so far, again, I missed this trade as it hadn't reached the entry point yet, I'd placed an alert at just above the entry point to signal the drop, however I missed the alert coming through. Very annoying as its looking great so far, not going to enter the trade now as Its too far past the entry.
EURCAD | short trade opportunity 👀- For today's trade, we have EUR/CAD. It's trending towards the downside on all the higher time frames, and all the moving averages are nicely following the trend as well.
- We have a 1-hour bearish engulfing candlestick closure, breaking all the moving averages and suggesting bearish power in the market.
- The trade has some room to move before it will re-test daily support, so at least 30-40 pips.
- The hedge funds are indicating that EUR is being sold off while CAD is being bought.
- There is no news today for EUR, but tomorrow we will have CPI news, which might have an impact on this trade.
EURCAD A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 1.340 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
EURCAD is in Downtrend and It is Expected to Continue Downtrend.
EURCAD | STILL IN RANGE
EURCAD has been trading in a range for more than 2 months. The price did attempt to break above it but it failed and is likely to retest the falling resistance breakout area.
We will monitor the price action on the dotted horizontal line and attempt to take a long position.
Trade your levels accordingly.