Is this the short term trade or long term trade?

Long

Euro / Dollar Canadien (OANDA:EURCAD)

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OANDA:EURCAD Euro / Dollar Canadien

Wave Analysis

waveanalysis

EURCAD

We are at the daily low. Now it has to tell us what they're gonna do. I believe that it's consolidating now (some divergences from H1 and H4) so I try to look for short-term buy setups to finish the pattern before it keep going down side.

But what happen if I am wrong?

Yes, I hope I was wrong. Is this the short-term buy setup or the first wave of impulse to up side in order to re-test the top? Let's see.

Trade with safety BE. We are in daily downtrend.

Commentaire:

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