EURCAD update

2016年11月16日

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

2016年11月23日

註釋

Short term buy opportunity after at least another corrective leg lower.

2016年11月23日

註釋

2016年11月24日

註釋

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.