ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor EUR/CAD Long-Term Trend: Bearish
Key Resistance Levels: 1.3619, 1.3655, 1.3750
Key Support Levels: 1.3544, 1.3495, 1.3442
Daily Chart:
The price on the higher time frame has been in a downtrend for the last few months with occasional pullbacks. The price has formed a lower high formation and there are a few rejection wicks from the upside that indicates further continuation in the trend.
EUR/CAD Medium-Term Trend: Bearish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. The price has shown rejection from the upside and broke minor support of 1.3619. We see the price did a retest to that level and now continuing the momentum.
Signal Idea:
Sell Stop Order @ 1.3594
TP 1 @ 1.3550
TP 2 @ 1.3506
Stop Loss @ 1.3638
Trade Safely 🙂
This Trade Hit My Stoploss Because Of Spread And After Some Time This Trade Hit 1TP 🙂
Hi,
Sorry to hear that. The trade was executed at 07:53 AM NYC time as it was notified in the group and the pair didn’t have any big pullback after that. Kindly follow the order type and also place orders at the exact same price mentioned in the post.
Thanks
I Placed Order At The Same Time Brother 🙂
Hi,
Please make sure to place the same order type as mentioned here. If it is a sell stop order and you place a sell limit or vice versa then you’ll get wrong fills.
Hope this clears it.
Have a good day.
Great man, first I doubt open sell stop and buy but both hit TP1, keep up the good work, you are the best signal I hv followed so far
Hi,
Yes, sometimes different time frames can have a different trend in the same pair like we saw today. Happy to hear your feedback.
Have a good day.
Are we in two trades , one long and one short in EURCAD? Thx
Hello!
The trades with link and analysis are swing trades and the ones that are directly posted in the group are day trades. We have both swing and day trades in EUR/CAD today and it is up to you whether you want to execute both the trades or one.
Have a good day.
Not profiting in your group as TP1 is 0.5%? I thought it was a 1:2 trade but it’s not, when you risk 1% do you risk 1% per position? If I get stopped out I lose 1%, if it hits first TP I get 0.5% but you put in the group +1%? I’m confused how
Hi Jamie,
Our TP1 is never lower than 1 and TP2 is always 2 or higher. For this trade both SL and TP1 are 44 pips which makes it 1R and TP2 is 88 Pips so 2R.
Hope this clears it.
Have a good day.
Jamie, see it as a one trade, where you decide to let it go to 1% profit or to 2% profit, if you exit 50% at tp1, and let got the rest it will be a 1.5% profit
Did price hit because I can’t get it
Hello!
No, The entry price is not reached yet. You’ll need to place a stop order and it’ll be updated in the group once the trade gets executed.
Have a good day.