thread: EUR/CAD

EURCAD Outlook Longs maybe? - 5th Feb, 2014


Daily Chart


Hourly Chart


Outlook Trade chance

In the time of submitting I have entered already, will proceed ceases to b.e when 2:1 reward

Risk Level Low


Tips -

Always take note of any economical news event on our provided calender below

took a brief on EURCAD with sl 1.5112

took a Brief on EURCAD Using sl 1.5112 Picture

Closed EURCAD for 40

SELL STOP order on Daily




http://www.gripforex.com/topic/weekl...ge/3/#post-844

SELL STOP order on Daily image http://www.gripforex.com/topic/weekl...ge/3/#post-844

I would be wary about buying the CAD. This currency is currently moving down in the medium and long term

EURCAD Forecast and Trade setup for the week 26th Feb, 2014

Daily Chart
MACD negative divergence is spotted Monthly pivot is holding quite well based on daily candles response there
Hourly Chart

Total trend is bullish, Searching to get Scalp trades ,
I have one in the 50% retrace and 78.6% retrace

50 percent Retrace level - Its a overlapping of a 23.6% from low of Jan and this months high, Its also a 127.20 fib ext of those highs out of this last week Look left, its Prior s and r
78.6% Retrace level - Cypher Pattern (awful one though) Overlapping 38.2% from low of Jan and this month High Look Left, Previous Resis and Service (nevertheless you may assert There's a stronger one in the 100% obviously)
Outlook Trade opportunity
See Hourly Chart
Risk Level MEdium

Tips -
Always Observe any economical news event on our supplied calender below

I see a really really clear spot to brief this pair. Canadian dollar has been reverting a bit to the mean driven by I) double leading this pair overbought levels and ii) EURUSD may be facing a top, as not able to violate 1.38.

Easy play as investors take profits on multiyear highs and cut back exposition on the massive uptrend. Note also huge bearish divergences. First level to have an eye ; need area bull trendline.

I think brief time has come..Descending Top,climbing bottom..at the conclusion of this situation may be big collapse starts. .

Each of the MA seems Bullish but RSI and MACD negative missmatch..short @5430, if PA is up I will add new short position. .

Commerce: EURCAD buy @1,5156 order. Very superior RR ratio (1:3). SL @1,5106, TP 1,5256; 1,5306; 1,5356 (thirds).

I bought 6 lot @1,5149.

Recommended commerce: EURCAD buy @1,5156 order. Very good RR ratio (1:3). SL @1,5106, TP 1,5256; 1,5306; 1,5356 (thirds). I purchased 6 lot @1,5149.

Red trade. SLed @1,5106.