thread: EUR/CAD

Long out of 1.5240, Tp: 1.5290, Sl: 1.5160.
Best Wishes

A good set of snare with extended tail coming back on D

A fantastic setup of pin with extended tail coming back on D picture

I believe enough with this particular trade
A long tail snare up is seen!

I dont know what happened but in a quick perspective the market isn't secure to go long. In a moderate term, maybe will be corrections in both ways (down and up ). In long term, (1-2 days ) I'll go long perhaps monday or tuesday.

At this moment I placed some orders in buy let see whether the corrections are enough to find a little profit, if less I stated I can go long in 2 days. I put a sell too becouse there'll be some drawbacks in short term (maybe not, I'm not protected.)

In chart we can see that the avramis goes mad, in medium term, it draws the beginning of a downtrend. (will see in some time)
the pivot points, draws several alterations is comming in both ways.
As well as the rsi brings the start of some down trend more (maybe today).
Recommendation, wait till monday or tuesday to go long.

I dont know what happened but in a quick perspective the market is not safe to go long. At a moderate term, maybe will be adjustments in both ways (up and down). In long term, (1-2 days ) I'll go long perhaps monday or tuesday. At this time I placed some orders buy let see if the corrections are enough to get a little profit, if less I said I can go long in two days. I put a sell too becouse there will be a few setbacks in brief term (maybe not, I am not secure.) In chart we can see that the avramis goes crazy, in medium term, it pulls the beginning of a downtrend....

Https://www.cliqforex.com/trading-sy...llar-help.html

The CAD strengthened because their CPI outperformed expectations. This is the chart went down.

I have been holding a brief on the GBPCAD since the downtrend attained the top of the channel on a 4 hour chart. Also, price action was telling me bulls were losing momentum (at that point).

quote https://www.cliqforex.com/trading-sy...t-process.html The CAD strengthened due to their CPI outperformed expectations. This is the reason the chart went down. I have been holding a brief on the GBPCAD since the downtrend reached the top of the station on a 4 hour chart. Additionally, price action was telling me bulls were losing momentum (at that point).

Thanks, I did not notice about that occasion. That clarify some things. In which market are you focused? At this moment I'm looking. What u think?

Inside my strategy I use avramis,RSI and pivot points. Exactly what are ur favorites?

quote Thanks, I did not notice about that occasion. Some things are explained by that. In which market will be you focused? At this moment I am looking. What u think? In my strategy I use pivot, RSI and avramis points. Exactly what are ur favorites?

I mainly deal with all the major/minor currencies - I don't concentrate on the exotics.

I keep my strategy simple. I just look for descending/ascending channels on daily charts. The on the touch, if there's a buying/selling pressure in line with the trend I place the order at the opening of the candle. Risk has to be 1:4. I don't use indicators - I always think it's unnecessary knowing what price has done previously! By way of example, indicators could have not predicted the downswings in many of the GBP and EUR pairs.

Hello fellow traders,

Bearish view on h1. The difference resistance seems holding.

Due

Hello fellow traders, Bearish view on h1. The difference resistance appears holding. Thanks image

I agree with you a downward trend is comming, at this moment im not sure what can do in short term, maybe it will keep down trend, (my pivots points say that it will be not very hard, that implies that maybe will come a huge one in a couple hours and we will observe another down trend for the next days). But in long view maybe it'll be a change of trend for long (in couple of times it is determined by next hours, leet see how it is that this downtrend). I really don't attach any picture since idk what's going to happen in short term.

Summary: 15 min chart (Useful for 1 day)
Avramis - Downtrend
Pivot Points - Corrections in both manners and waiting to get a downtrend more larger.
RSI using TC - More Downtrend Expected at the Upcoming hours.

Idea for EC
20 pips SL above the BO candle