$EURCAD | Bearish WOLFE WAVE | 1-4 TARGET LINE

Hello Traders,

EURCAD is offering a small move to the downside. The target to look for here is the 1-4 line. I have highlighted where the highest excursion of price might go before falling. Make note of that level as it can act as resistance.

Best,
Chartistry

Commentaire:

UPDATE: Although this was not a successful trade. It is interesting to observe the 5' (prime) line acting as a reaction point for EURCAD and the 1-4 line acting as the equilibrium point for the move.

Best,
Chartistry