EURCAD update
EURCAD is moving lower in an impulse and we simply have to wait for consolidations before selling the continuation. It is very likely that price will show a response to previous lows for either wave '5' or 'b'. I wouldn't advise to buy from those levels (or it is on lower time frames for scalpers after an impulse/consolidation of lesser degree) but wait for a consolidation to mature.
Updates will follow
Updates will follow
Note
Short term buy opportunity after at least another corrective leg lower.Note
Note
The bullish move we were looking for looks corrective and it might only be a wave A which means we should anticipate another leg higher. On the other hand this might be all, in that case a bearish impulse will follow. The arrows show both scenario's and after a consolidation we can trade the continuation.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.