EUR/CAD -
1 2 3 4 12 ...

thread: EUR/CAD

  1. #11
    Junior Member racltt's Avatar
    26
    After I composed the previous article, a couple things have changed. Apparently eur/cad has broken up the top red line(previous attachment) and began a continuous bull move gaining a few pips(approximately 60) pips in one night. What do you think is happening? Are we looking at a trend reversal?

  2. #12
    Junior Member elboticario's Avatar
    22
    possible long - paying focus

  3. #13
    Junior Member elboticario's Avatar
    22
    SELL 0.100M EUR/CAD @ 1.38057, SL 1.40800 (274 pips), TP 1.35600 (246 pips) Gartley bearish on daily chart

  4. #14
    Junior Member pal3330's Avatar
    20
    eur/cad @ 4 hour


  5. #15
    Junior Member rebeecasan's Avatar
    17
    That Will Be the best broker for trade Eur/cad now I use http://www.greedydolphins.com/broker/activtrades However, the spread is to hight for scalping

  6. #16
    Junior Member pal3330's Avatar
    20
    eur/cad @ 4 hour

    now!


  7. #17
    Member Cerpa's Avatar
    38
    Well, we're geting closer to the exact significant level 1,34600.
    Either that is going to be a fairly nice double bottom and price will sky-rocket to the 1,36600
    and also the price will break through and we will see another totally falling.
    I hope some false signals ahead of the trend will estabilish its strong direction.
    Anyway I think anything situation is going to be chosen it's a wonderful risk-reward game...

    -----------------------------------------------------------------------

  8. #18
    Member Cerpa's Avatar
    38
    The EURCAD steam-power has gone this afternoon and wasn't enough powerful to skip above 1,3600.
    It looks the pair needs a bit more time to bounce up and that I think we can observe a little pullback to 1,3400 zone that's a powerful support/resistance area.
    I hope today's BOC statements could add fuel to the momentum and then we could possibly see EURCAD @ 1,3600 at the close of the week.
    But if BOC news will push the pair down under 1.3400 I'm execting a free falling as under 1.3400 there's a massive STOP-LOSS place for all traders and any trading beneath 1.3400 will trigger their stop loss orders.

    EURCAD 4H chart

  9. #19
    Member Cerpa's Avatar
    38
    Well, so we're getting nearer to our 1,3400 area.
    In the next two,three hours we will have unemployment news, Bernanke etc we are going to have the ability to discover if 1,3400 will become resistance or service for next days


  10. #20
    Member Cerpa's Avatar
    38
    So the EURCAD hit for awhile 1.3404 and bounced back.
    Like I stated the 1.3400 was an important support/resistance place so this is the reason the price jumped like crazy 1200pips in less then 3 hours.
    It unlocks a nice way to fulfill 1.3630 next or even this week.
    Now the price is all about 1,3530 and following available short-term retracement provides an apportunity to get in the train.

    The following station is 1.3600??? .... I expect so....


  •