DMTradingBG
Short

EUR/CAD - An engulfing possibility

FX:EURCAD   Euro / Kanadischer Dollar
This will be our plan for this week which we will follow and based on which I will post Live Trades on our Twitter page.

Analysis:

The EUR has gained some grounds over the past week against most major currencies. We can see on the Daily time frame that the uptrend wave on the EUR/CAD pair started in the middle of September and after the first wave was finished, we had a correction wave in October, followed by a new impulse wave which managed to make a new top on the 30th of November. Right on the next day the price dropped drastically below the previous top made by the first wave and also the price actions showed a Bearish Engulfing on the Daily time frame. In my opinion we will either see a correction here reaching to the first Support Area , which is our Target 1, or if a new downtrend is formed, the price might drop all the way down to the second Support Area . I have divided our plan in to two Sell Zones on the H4 time frame and I will look for possible entries on the M30 time frame, which I will post on our Twitter page.
Below you can find the zones and links to our Twitter page and our Blog.

Sell Zone 1: 1.5110 – 1.4800
Sell Zone 2: 1.4740 – 1.4500

If the price retraces back up going above the resistance area we won’t open any trades, but review our plan.

Follow us on Twitter:
https://twitter.com/DMTBulgaria
For additional information you can check our blog: http://www.dmtrading.bg/blog/?lang=en
For interesting videos Subscribe to our Youtube channel: https://www.youtube.com/channel/UCLkTnb_SKQ-S2roQNSYZV6g

I wish everyone good luck and a profitable week! :)
Trade ist aktiv: LIVE SIGNAL available: https://twitter.com/DMTBulgaria/status/938082943532191747
Trade geschlossen: Stop wurde erreicht: Unfortunately we got stopped out overnight on our Live Trade. We will continue to monitor the plan as it unfolds and look for opportunities.

SL hit - Loss: 35 pips / 1 %
Kommentar: Price has reached the resistance area from where the first down move started. The unexpected push up after the BoC Interest Rate decision prevented us from taking any more trades. For me personally this jump up of the price was a trap for the bulls and price will now move down, probably even making a new low. Of course this is just a prediction. If the current H4 candle closes without breaking the resistance area we will start looking for possible entries which I will post on Twitter.
Order storniert: This plan is no longer valid as the pair failed to move further down. It covered around 50% of our Sell Zone 1, but failed to give us the results we expected.
Follow us throughout our social media profiles:

Youtube Channel: DMTrading Bulgaria
Twitter Page: DMTBulgaria
Facebook Page: DMTrading Bulgaria
Blog: http://www.dmtrading.bg/blog/?lang=en

Additional educational articles-Medium: @dmtradingbg
Beautiful analysis!!
Antworten
@Chintalp1, Thank you very much! I hope it will be of any help to you! Good luck and profitable trading :)
Antworten
Chintalp1 DMTradingBG
@ilian91, Thanks!! Same to you!
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden