thread: EUR/CAD

Seeking a quick scalp if sellers become aggresive @ $1.52:

Looking for a quick scalp if sellers become aggresive @ $1.52: picture

Update:
Green TP

Looks like a fantastic brief opportunity

I'm brief from 1.503 targeting 1.48

my stop is above 1.516

Short commerce EUR/CAD is starting to work nicely it sounds, targeting 1.46/7 may take a week or two 3, cheap swap so not bothered to give it some time.

Weekly price is open to reversal in this area (or just above marked'a'), to get a potential flat for wave two. This is dependent upon CAD strength returning, as it seems it may in other CAD pairs (usd/cad, aud/cad). For wave'c' of this apartment, 5 waves seem to have been completed.

Short commerce EUR/CAD is beginning to work nicely it sounds, targeting 1.46/7 may take a week or two 3, cheap swap so not bothered to give it a time. image

So last week pa on EC turned out to signify re evaluation of the current highs and it spiked out above, I shut my EC past week just above B.E with the intent of entering higher, which I did, I'm much better positioned today, still short on EC, I think my target of 1.46 might be too low, I'm moving it to 1.47 - 1.49 area, stop above 1.53, might add more shorts if we see another spike over 1.52 later this week.

Cheers

quote Last week pa on EC turned out to indicate re test of the current highs and it spiked out above, I shut my EC past week only above B.E with the intention of entering higher, which I did, I am better positioned today, still short on EC, I believe my goal of 1.46 could be too low, I am moving it into 1.47 - 1.49 area, stop above 1.53, could add more shorts when we see yet another spike over 1.52 after this week. Cheers picture picture

I am anticipating a brief spike over 1.52 on thursday, I might ofcourse be wrong, but that will be fine also, I took profit on EUR/CAD shorts, also moved my vulnerability to AUD/NZD longs as I saw a great bargain price below mid 1.04's, if we see that a good spike over 1.52 on thursday I Might close out half of AUD/NZD Longs and short EUR/CAD Above 1.52, when we don't find another spike over 1.52 I shall just stick with my aud/nzd longs, main reason behind this choice will be ECB still coming, RBA done for the week I see less risk in being extended AN than being short EC into thursday. . If ECB isn't decidedly hawkish on thurday(I believe they may be cautious given current eur appreciation and more resilient than anticipated inflation new developing issues etc) I believe we will see dump and pump on EU mayb 1.13 then dump, that will ripple into- and effect other Eur crosses also.

Cheers

EURCAD
Pattern : Head and Shoulders

Sell Stop 1.51131
TP = 1.52083
SL = 1.49798

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What I drop that is nice. Did you guys were able to enter brief. Shorted in 1.48 Tp is place 1.46 and 1.45