In this analysis, we see that the day trading it's so bearish in Euro/Canadian Dollar or EUR/CAD.
Now, I'm enfocous more in H2 tmeframe becuase in this point, there's an interesting good short position in this par that we can to sell right now in the market. There's a short opportunity to find down 102 pips, that it's a good profit to take it. I'm in the market price approximately in the $1.5439 CAD with the SL at $1.5480 CAD (45 pips) and my target will be the $1.5332 CAD (102 pips)
This analysis in H8 timeframe it's the best to watch, becuase if you noticed it, we following this bearsih trend line that I also show them with red arrows these reaction that they make.
So, I entry right now in the market using the price action in H2 timeframe, H4 it's ok, but I'd reccomend this timeframe H2 becuase it's the better, and also, this par it's so volatile and so liquidated that make movement so fast!!!
And that, it's my Daily chart, we see that EUR/CAD it's into this cosnolidation and maybe in shott term, we could to leading down to these demand zone, in this yellow zone to bought, that it's a nice position ot put long position in these yellow zone in the down that formed this support!!!
Now, I'm enfocous more in H2 tmeframe becuase in this point, there's an interesting good short position in this par that we can to sell right now in the market. There's a short opportunity to find down 102 pips, that it's a good profit to take it. I'm in the market price approximately in the $1.5439 CAD with the SL at $1.5480 CAD (45 pips) and my target will be the $1.5332 CAD (102 pips)
This analysis in H8 timeframe it's the best to watch, becuase if you noticed it, we following this bearsih trend line that I also show them with red arrows these reaction that they make.
So, I entry right now in the market using the price action in H2 timeframe, H4 it's ok, but I'd reccomend this timeframe H2 becuase it's the better, and also, this par it's so volatile and so liquidated that make movement so fast!!!
And that, it's my Daily chart, we see that EUR/CAD it's into this cosnolidation and maybe in shott term, we could to leading down to these demand zone, in this yellow zone to bought, that it's a nice position ot put long position in these yellow zone in the down that formed this support!!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.