Eurcadshort
EURCAD M30 11 NOVwe have double top pattern
I am looking for selling opportunity, if the price breaks the neck line I am seller
EURCAD - Bearish BiasEUR - BEARISH
1️⃣ EUR declined amid the demand in USD.
2️⃣ German investor morale fell more than expected in November.
3️⃣ Investors remain concerned about rising COVID-19 cases and new lockdowns across Europe.
CAD - BULLISH
1️⃣ The CAD benefitted from the rising in oil prices amid coronavirus vaccine hopes.
2️⃣ Risk-On tone support the CAD.
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Technical
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We are selling the EURCAD at resistance zone + below SMA 50 in H1.
Short on Pullback-Ascending TL breakout, expected retest
-0.5 fib retracement
-Previous support now acting as resistance
-MA50 supporting bearish momentu
EURCAD Short.EURCAD hit Supply level after last weeks break. Taking a short with a decent R/R.
Like the last trade it is still US election and markets are volatile. So please stay safe and do your own research.
Best of luck,
MRP
📢EUR/CAD Potential short setupPossible day trade set up. It's on the watch list for now. Let's see how this play out. The pervious candle was on the stronger side in any care I'd like to see clean a break below the trend line in order for it to head lower.
EURCAD, 4hr tf, sell on broken trend line retestHello my friends,
There is another setup i just found which is EURCAD pairs.
Before i start, if you find this post useful, please give me a like and follow me for my next update.
Price currently moving inside a downward channel and price was rejected at upper line touch.
There is also horizontal support which has been broken and I am now preparing to sell this pair.
I am gonna sell on the retest of trend line so we could get a better RR ratio.
There is possibility the previous upwards movement was a bearish flag.
The measured objective of this bearish flag target is at 1.5320.
Sell EURCAD 1.5550
Stop loss 1.5600
Take profit 1 at 1.5430 (2.4R)
Take profit 2 at 1.5330 (4.4R)
Use only 1-2% risk
Good luck
EUR/CAD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
EUR/CAD: Daytrade-Execution
Note: keep your risk low in this market. pretty slow and in waiting mode!
Sell-Stop: 1,55450
Stop-Loss: 1,55920
Target 1: 1,55045
Target 2: 1,54740
Target 3: 1,54295
Stop-Loss: 46 pips
Risk: 0,5% - 1%
Risk-Reward: 2,54
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
Bearish sell signal for EUR/CADVery obvious signal that tells us to follow the trendline and make a profitable short trade on EUR/CAD
📢 EUR/CAD short opportunity setup 👌This pair looks like a great opportunity to go short. We have divergence, break of trend, break of support, Impulse move to the downside. Now just waiting on entry confirmation 👍😎
EURCAD - BEARISH BIASEUR - BEARISH
1️⃣ Europe has been hit hard by the second wave of the coronavirus, becoming the second region after Latin America to surpass 250,000 deaths on Saturday.
2️⃣ German IFO declined as businesses grow more nervous with virus cases on the rise.
3️⃣ Main focus this week is ECB who is widely expected to be dovish as new restrictions curtail economic activity.
CAD - BULLISH
1️⃣ A modest uptick in crude oil prices (now up nearly 1% for the day) underpinned the commodity-linked currency.
2️⃣ Investors will keep an eye on the Bank of Canada’s monetary policy decision later this week.
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TECHNICAL
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- We're looking to sell this pair on SBR level + SMA50 area on H1 chart.
