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Eurcadshort

EURCAD - Broken Support EURCAD - Sell The Weekly major support level has broken amidst unsettling european events. The level should now turn resistance and has already tested it. Entry: 1.3376 Price has bounced of former support now turned resistance, Stop: 1.34103 Above the support area, if price breaks through to this area, it'll have taken out previous highs and possibly looking at change of trend. TP I have highlighted key profit taking areas, can use a trailing stop and move trade to breakeven when certain amount in profit for risk management.
Short
by dinomalik
EURCAD – Short at top of the range – the week of 20 June, 2022It is obvious that: This pair is in a down trend, Recently, price has been in a range (consolidating) between 1.3750 and 1.3390. Taking a short at the top of the range would be a high probability trade that is in line with the major trend. This what I intend to do with target just above 1.3390. Even with a generous stop, this has the potential to provide a +3R trade. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
Short
by Trading_Vista
eurcad short ideaEUR/CAD have been really bearish since 24th of June , there was a wyckoff distribution before the fall down to the current price at 1.3523. so the general trend is obviously down and with the bearish market structure still being respected , I'm on the bearish mode with this pair of $EUR/CAD . if we look thoroughly to look for some other bearish confirmations , the fact that the price broke down under 1.3548 ( a strong previous support) is one other bearish confirmation , and with the current 4 hours candle trading with a huge up wick is a sign a sellers being in control of the market , and if we look left there is a huge limo candle that is currently being filled so i'm expecting it to be fully filled ( I'll do an educational post about the concept of the candles fill don't worry ) , so with all this technical confirmation my biggest odd is with the sellers , so if we break under 1.3512 ( this is were the safest sell is at ) there is a high probability of price continuation down to 1.3451 . I hope the instructions are clear if you find the post of use and value please do support it by liking it and commenting it , and make sure to follow me if you didn't yet so you don't miss the new posts notifications many analysis and trading setups are to come so don't miss any ! I see you soon in the next post !
Short
by Gol-DTrader
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
Short
by Signal_Centre
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