EURCAD

100 more pips to go to target.

I opened another position on a break of the inside bar which has the same target as the position below.



dl.dropboxusercontent.com/u/24866576/Oct...addaily%20311013.png

Cheers,
M.

I was hoping for more of a move to the downside after that pin however the most recent candle seems to have respected the trendline. Below 1.4361 and then 1.4345 and I'll be happy!


dl.dropboxusercontent.com/u/24866576/Oct...urcadh4%20301013.png

dl.dropboxusercontent.com/u/7238706/CAD%20Spot.png

I love the logic here Monkeyz.

Good balance between the A and C waves. RSI and StochRSI both showing over-bought. Target a fraction short of the 50% pull-back of the recent move high. In fact, what's not to like! Cracker - now let's hope it performs

Have just taken a short out on a 50% retrace of the 4H pin bar targeting 1.4125.

4H


dl.dropboxusercontent.com/u/24866576/Oct...dweekly%20291013.png
Weekly resistance:


dl.dropboxusercontent.com/u/24866576/Oct...dweekly%20291013.png

Daily for the target:


dl.dropboxusercontent.com/u/24866576/Oct...addaily%20291013.png

Cheers,
M.

This trade worked out perfectly
Im already short on this from the stated level. This is now a free trade
Dont attempt another short from the same level as it would be to risky.This trade was only for a first attempt.

dl.dropboxusercontent.com/u/4899609/eurcad19thjune.png

This ones getting close to major resistance.
Im gonna short this once it hits 1.3712 with 25 point stop.
Im only using a small stop loss as if this does gets breached then this could really fly. So basically a first attempt trade for a very short term possibly. The reason im being cautious is due to the elliott wave count on this and the implications of a breakout . I let the elliott lads explain this to you
Ill be going long on a back test of breakout if it does happen?????

dl.dropboxusercontent.com/u/4899609/eurcad18thjune.png