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EURCAD...SHORT... READ DESCRIPTION
ON THE COT REPORT EUR IS BULLISH WHILE CAD BEARISH.. EXPECTING PRICE TO SELL TO THE MONTHLY SUPPLY LEVEL..1.4800-1.4700(ALSO THE 0.618 FIBONACCI LEVEL OF THE WEEKLY IMPULSE WAVE) BEFORE REVERSING FOR THE TREND TO CONTINUE..
REASONS FOR THE SELL TO 1.4800,, IN THE ECLIPSE PART WE HAVE (METHOD 3 DROP) WHICH IS A BEARISH CONTINUATION PATTERN SO EXPECTING PRICE TO BREAK CURRENT 4 HOUR SUPPORT TOMORROW IN ONE OF THE PIVOT LEVELS AND CONTINUE WITH A SELL OFF DOWN 200-300 PIPS.. FOLLOW TO BE UPDATED FOR TOMORROWS ENTRY.. ALSO CHECK PAST PERFORMANCE TO EVALUATE THE CONSISTENCY
REASONS FOR THE SELL TO 1.4800,, IN THE ECLIPSE PART WE HAVE (METHOD 3 DROP) WHICH IS A BEARISH CONTINUATION PATTERN SO EXPECTING PRICE TO BREAK CURRENT 4 HOUR SUPPORT TOMORROW IN ONE OF THE PIVOT LEVELS AND CONTINUE WITH A SELL OFF DOWN 200-300 PIPS.. FOLLOW TO BE UPDATED FOR TOMORROWS ENTRY.. ALSO CHECK PAST PERFORMANCE TO EVALUATE THE CONSISTENCY
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