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EURCAD
12 years 11 months ago #4896
by Jackozy
Yep, My long got stopped at B/E and am now short here too. Again, a bit early but only a tiny position. Will add on confirmation of a close below trendline and 1.3187 support.
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12 years 11 months ago - 12 years 11 months ago #4895
by remo
Trend line break and also inside bar sell signal.
If this finishes below the main up trend line then chances are it may be a correction so would have to look to the fibs.
see how this has been testing that trend line and finally looks like its breaking it...another good example of a first touch trade only and not after.
If this finishes below the main up trend line then chances are it may be a correction so would have to look to the fibs.
see how this has been testing that trend line and finally looks like its breaking it...another good example of a first touch trade only and not after.
Last edit: 12 years 11 months ago by remo.
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12 years 11 months ago #4796
by Jackozy
My long order on this pair got hit last night as I forgot to cancel it in light of the Cyprus situation. Still, chart says buy so we'll see how it goes:
dl.dropbox.com/u/20815047/EURCADdaily18_03_13.gif
I note that FTSE futures hit the double top target of 6342 overnight so maybe a bounce from here before another wave down so I might be able to close this EUR trade at the gap at 13290.
dl.dropbox.com/u/20815047/EURCADdaily18_03_13.gif
I note that FTSE futures hit the double top target of 6342 overnight so maybe a bounce from here before another wave down so I might be able to close this EUR trade at the gap at 13290.
The following user(s) said Thank You: remo
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12 years 11 months ago #4514
by remo
Hi jackozy
It's strong Hense why I'm gonna short this 5 pips past the support.

If that low gets taken out then I'd expect this to test the blue breakout point on your chart.
It's strong Hense why I'm gonna short this 5 pips past the support.
If that low gets taken out then I'd expect this to test the blue breakout point on your chart.
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