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today I am going to open position BUY at market watch 06:57 in currency pairs Eur/Cad with H1 timeframe and market position at 1.3767,
because if my prediction of several indicators in Cricket Scalper shows there is a BULLISH signal on the Eur/Cad pairs
and Stoch(5, 3, 3) indicators are in position 20 and shows a BULLISH signal,
so the most appropriate order position is to perform open BUY position by placing a stop loss at 1.3747 and take profit at 1.3787
Eur/cad analysis for 09.06.2013 by using pivot indicator.
r3: 1.39410
r2: 1.39032
r1: 1.38424
pivot: 1.38046
s1: 1.37438
s2: 1.37060
s3: 1.36452
I use technical analysis of currency pairs EURCAD in the market at 11:46 which is the current market position is at 1.3727 with H1 timeframe,
then I get the results of several indicators such as the Bollinger Bands = BREAK LOW, MACD = TREND DOWN, Parabolic SAR = TREND DOWN, Stochastic = TREND DOWN,
but it is by looking at the position on the market today gained 1.3805 points pivots, yesterday high at 1.3861 and yesterday low at 1.3767 so support and resistance
R3 : 1.3937
R2 : 1.3899
R1 : 1.3843
Pivots : 1.3805
S1 : 1.3749
S2 : 1.3711
S3 : 1.3655
of some of the analysis contained in the signal TREND DOWN at currency pairs EURCAD, so the best step to open position SELL by set take profit at 1.3707 and stop loss at 1.3747. good luck
My daily trading,I hope the day is a success ...
EUR/CAD (Daily Trade)
Open : 1.3781
Resistance : 1.3986 1.4006 1.4036
Support : 1.3682 1.3662 1.3632
High / Low : 1.3782 / 1.3714
Range : 68 pips
Running Price : 1.3714
for intraday trade today suggest sell at the level 1.3829, stop loss at the level 1.3986, target take profit at the level 1.3632
EURCAD traded bearish yesterday. since this morning EURCAD movement straight down. Daily LSMA conditions are pointing down. prices are also under BS daily band. weekly LSMA conditions are still pointing down. all references to say if the trend towards price is down. then there is no safe transactions than sell. please open sell without a target, because the trend is likely to continue sell. but do not forget to set a stop loss, which is at 1.3778.
today i like to buy this pair @ 1.3717
my stop loss of the day @ 1.3688
half take profit for today @ 1.3731
and further half take profit @ 1.3746
As you see in my following attached chart, the pair till now trading within descending channel for a long time, and it is targeting the lower line of the channel @ 1.3665. Moving averager support the bearish expectation.
http://charts.mql5.com/2/452/eurcad-...orex-group.png
I use scalping strategies on this currency pairs Eur/Cad so I prefer the short time that is the timeframe M15 and M30,
that's position market on 1.3683 then also there are some indicators that I use as the Bollinger Bands is TREND DOWN, ADX is TREND DOWN, Stochastic is TREND UP.
Then consider the position if the market trend is moving toward more leads TREND DOWN,
then I strongly encourage you to order SELL at current market at 17:29 and use a stop loss and take profit of 30 pips
is the take profit at 1.3653 and stop loss at 1.3713
At present, the pair EUR \ CAD is trading below the moving average line. additional indicator below the zero line with the indication on the rise and the main indicator loses its purpose and intends to uphold the bulls buy when price breaks the resistance line of 1.37760 to 1.38067 stop loss set at the line of support 1.37638.
the pair trade down the down trend in 1h chart
stochastic refers to down way
moving confirm the down view
so the pair will continue to down way
http://www14.0zz0.com/2013/09/09/00/335210986.png
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