Get started

Eurcadshort

EURCAD | short trade opportunity 👀- For today's trade, we have EUR/CAD. It's trending towards the downside on all the higher time frames, and all the moving averages are nicely following the trend as well. - We have a 1-hour bearish engulfing candlestick closure, breaking all the moving averages and suggesting bearish power in the market. - The trade has some room to move before it will re-test daily support, so at least 30-40 pips. - The hedge funds are indicating that EUR is being sold off while CAD is being bought. - There is no news today for EUR, but tomorrow we will have CPI news, which might have an impact on this trade.
Short
by fxtraderkristina
EURCAD | NEw perspectiveIf we look closely into what has been happening since yesterday on a lower timeframe, we will notice how it appears that price action has been rejecting the Bearish trendline identified on the daily time frame. In this regard, I want to be looking forward to selling opportunities right below the key level identified at 1.36900 Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry