Another Great Opportunity to Sell in EURCAD.

Technical analysis:

• A peak is formed in daily chart at 1.6120 on 03/07/2018, so more losses to support(s) 1.5730, 1.5570, 1.5375 and more depths is expected.
  
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  
• Relative strength index ( RSI ) is 60.
  
  Midterm forecast:
  
• Although current trend is uptrend, but we forecast a downtrend wave would begin in Midterm.
  
• Price may also reach 1.6105, if price reaches this level, we may enter by Daily-Trading-Opportunities.
  
• We will close our open trades, if the Midterm level 1.6105 is broken.
  
  Trading suggestion:
  
• We have already opened Sell trades, trade setup is drawn on the chart and shows entry and targets.
  
• If the Midterm level 1.6105 is broken, we will close these trades.
  

Entry signal:
Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting star" or "Peak", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 1.5730
TP2= @ 1.5570
TP3= @ 1.5375
TP4= @ 1.5235
TP5= @ 1.5125
TP6= @ 1.4950
TP7= @ 1.4735
TP8= @ 1.4510
TP9= @ 1.4255
TP10= @ 1.3800
TP11= @ 1.3020
TP12= @ 1.2125
TP13= Free

交易开始:

EURCAD , weekly update:Total profit 3480 pips in 19 days.!