EURCAD short position.Enter sell position with risk of 2% of portfolio.
1st target set at @ 1.43575
2nd target set at @ 1.41683
Set stop loss above the resistance area, close position in loss if a confirmation candle closed above the resistance in the hourly time frame.
*Confirmation Candle: happens when the candle is > 50% of the complete shape (wicks and candle)
Good luck.
Eurcadshort
Possible EURCAD scenarioBlack Mountain Analysis Team:
Possible EURCAD scenario
- Volumetric resistance range
- The resistance line of the cannons
- Harmonic pattern that can be shown by finding PRZs.
This analysis can lose its validity by breaking the resistance zones.
Be careful that it can be entered after the start of the downtrend (wait)
_Trade with Trend_
EUR/CAD SELL IDEA
Hey tradomaniacs,
welcome to a new free trading-setup!
EUR/CAD: Daytrade-preparation
Notice: Waiting for retracement and confirmation!
Market-Sell: 1.42525
Stop-Loss: 1.42850
Point of Risk-Reduction: 1.41950
Take-Profit: 1.40580
Stop-Loss: 33 pips
Risk: 0,5% -1%
Risk-Reward: 6,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURCAD Down Trend.!#EURCAD Hello trader, I hope are good and safe. Today I opened the chart of #EURCAD for 15 MIN and analyzed it then I see that this chart has made a DOUBLE TOP PATTERN, So I hope #EURCAD will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
EURCAD: Sentiments Are Short-Term Bearish, But... EURCAD has completed corrective wave 4, and if the price breaks the parallel channel C, it may make a new low, which should be impulsive sub-wave 5 of wave (5).
If price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156 .
After making wave (5), if the price breaks the B channel, it can go for 1.4645 and start a new 5-wave impulse structure.
Please note that the Breakout of wave (4) indicates a strong bull trend.
If the price breaks the channel without a downward, it indicates truncated 5th.
I will upload intraday chart for further information soon.