EURCAD A Big Move Is About To End, A Bigger One Is Coming

Long

Euro / Kanadischer Dollar (FX:EURCAD)

Aktualisiert

FX:EURCAD Euro / Kanadischer Dollar

EURCAD Wedge

After a great trade, catching a big down move (click the link on the chart) price is now testing the lower bond of a larger degree correction. We should now be patient and wait for price to break above the wedge pattern it' been moving in for a while. If price breaks above, we should watch for a buy setup and go long with EURCAD.

Kommentar:

Price has broken above the wedge pattern and it's now retracing. We should now watch for a buy setup

Kommentar:

Price is heading as expected to the upper bond of the corrective structure. If we have a breakout above this trendline we should keep an eye for a buy setup before buying.

Kommentar:

Price has more room to the upside but we might have a small retracement before going up. That's another good buy opportunity