EUR/CAD
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thread: EUR/CAD

  1. #1

    EUR/CAD

    HELLO GUYS IM THINKING THIS COULD BE A GREAT OPPORTUNITY to Go over EURCAD AND THE Fantastic OPPORTUNITY OF A LONG TERM TRADE.

    LOOK AT THE CHART YOU CAN EASILY SEE MAIN TREND (AND THE POSSIBILITY OF A RETRACEMENT IF WE PASSED THE ORANGE TREND). Additionally, I believe swiss gov. wont let this go that far. This week motion could be a gov. transaction.

    That I ALREADY HAVE SOME TRANSACTIONS OPEN AS YOU CAN SEE ON MY ACCOUNT:

    avg 1.3650.

    Im hedging, so I maximize this long-term trade, since we havent break the main trend *BEAR*. I need to be sure that we're breaking online so my hedge isn't so much.

    We have two tendencies on the chart. The major trend is that the ORANGE and the momentum tendency that began on feb-26 that provides us the RED trend.

    If you look the PA on the touch of those trendlines (on the support up line) the rally is fast towards 1.33. It wasnt that rapid and also the week closed above the momentum trendline that provides us the chance to hit and go on the ORANGE line at 1.39-1.3920. Only after breaking that ORANGE line I'd now for sure we're in a change of a MAIN TREND and ill stop doing so much hedging and start adding longs to a daily basis.

    I visit a potential creation of a INVERTED HS on 4hr tf where I believe we will hit 1.3740-13690. That shoulder would provide the pair momentum so we can break and retest that ORANGE line.


    TRADING PLAN:
    OPENED TRANSACTIONS:

    BOUGHT 1.3650 TP SL OPEN
    SOLD 1.3784 TP 1.3730 (SEE THE PRICE ACTION THERE) SL OPEN

    ORDERS TO BE OPENED:

    BUY
    1.3720-1.3690 SMALL
    1.3630-1.36 DOUBLE THE OTHER
    SELL
    1.39 HEDGE SL 1.3933 2 LOTS.

    LETS SEE WHAT HAPPENS


  2. #2

  3. #3
    A defect in Goldman's thesis


    One reason Goldman expects the Fed to start http://blogs.wsj.com/economics/2010/...s-in-november/Goldman Sachs expects this to take place soon given the weakness in the U.S. market as a consequence of lower business inventory accumulation and a evaporating fiscal stimulus.
    Umm, didn't business inventorieshttp://www.sfgate.com/cgi-bin/articl...f070759D13.DTLthis morning? I'm just sayin'...

  4. #4
    http://www.forexrainbow.com/files/a0...vgi80xabef.jpg

  5. #5
    good chance here - H1

  6. #6
    Eur / Cad

  7. #7
    I'm horribly bearish with this pair and that I feel any rallies are only to unwind oversold status and could be sold. We might even breakdown some more today

  8. #8
    I am new on this forum and at FX for this issue too.

    I moved Brief Internal 1.2862

    Still my idea is bearish with this pair. My guess is that the Fib retracement won't reach the 23.60% and that the pair is after the downward direction as it did the previous days.

    EMA(20) EMA(50) downwards on D1,H4 H1 charts.

    On fundamentals, I don't have a feeling that the EUR will make an upward move.

    But as said before that is my novice opinion, just like to hear things more advanced traders think what this pair will do and in my point of view this.

    Thanks

  9. #9
    I'm new on this forum and in FX for that matter too.

    I moved Brief @1.2862

    Still my thought is bearish with this pair. My guess is the Fib retracement won't reach the 23.60percent and the pair is after the downward direction as it did the preceding days.

    EMA(20) EMA(50) back on D1,H4 H1 charts.

    On fundamentals, I do not have a sense the EUR will create an upward move.

    But as said before that's my novice opinion, like to hear what more advanced traders think what this pair will do and in my point of view this.

    Thank you...
    So far all is going my way. I see a slight resistance @1.2815, but when this has passed it can go farther to 1.2780

    I expect

  10. #10
    Junior Member racltt's Avatar
    26
    Nice plan! Is the topic I find out that there's a wonderful moment just now from the eur/cad zone! In the h4 it seems to be that the chart is holding below the upper red line but suppose we should wait for a breakthrough of that horrible service (bottom red line).
    What do you believe?

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