thread: EUR/CAD

quote Your analysis is indeed good, but I've a hard stop loss much higher from this level, if I and my manual system sense 900 pips eurcad short... I must place 900 pips of stop loss (r:r 1/1 is sufficient )... sincerely following last sl taken I am a little nervous now, but this can be Currency Market. A game for heavy stomachs -

Thanks for the appreciation

If you would like to short compared to its good with 1.4640-50 being SL differently buying is a good option for intra-day.

Long.
Decent ascending wedge over the daily, price being on the service side now. Hour chart shows healthy retrace into levels on RSI or even stoch indicators.
- Bundestag Greek bailout vote now

Long. Decent ascending wedge on the daily, price being on the service side. Hour chart shows healthful retrace into levels on stoch or RSI indicators. - Bundestag Greek bailout vote today picture

and today we have a breakout through the resistance side...

Quite a move. Short 150. Round amount resistance. 50 pips SL/100 pip TP.

Long - I believe we may see a bit of a sell off in West Texas Intermediate during US session. .

Possible long setup for me with goal near last week's top.

A lot of volatility in a tight range this week, staying with the long idea.

The pair supported a powerful closing night but it was not powerful enough to confirm the fracture above 1,5115. Strength is potential.
The indicators of the daily chart are nevertheless still below the line for now and that is less positive but those of the weekly are positive encouraging further strength; we've even small bearish divergences. The indicators of the s/t charts are instead showing a picture suggesting some consolidation/ correction. Bearish divergences from the chart affirm a tone. Before going higher I prefer a correction together with the 200 hours at 1,4927 the potential attraction.
The s/t scene isn't so clear yet indicating further consolidation with nevertheless a positive bias. In the daily chart we've still a negative reversal situation formed by the spike into 1,5540 in August but the correction we are seeing because then is in our opinion corrective but also here before resuming up the move we instead see a deeper correction probably even toward 1,43!!

EURCAD is in solid bearish trend?

I can not say that I am comfortable taking a long position at the moment, but I will definitely have a short if I get my awake.