EurCad Long, wave analysis
EurCad Long
Starting from your left, highlighted in green- was a huge ABC zig zag correction
Then we had a push up
then a 618 perfect draw back
could this be the second push up?
It is currently only 3 pips into its move up, nice entry point for the bulls...
EurCad Long...
Even if this isn't a huge trend up
and this turns out to be just another correction
we can still take this trade up to about 1.50400 for about a solid 50 pips
I'll redo this markup with true take profits and rentry points if this is a true 2nd push.
Starting from your left, highlighted in green- was a huge ABC zig zag correction
Then we had a push up
then a 618 perfect draw back
could this be the second push up?
It is currently only 3 pips into its move up, nice entry point for the bulls...
EurCad Long...
Even if this isn't a huge trend up
and this turns out to be just another correction
we can still take this trade up to about 1.50400 for about a solid 50 pips
I'll redo this markup with true take profits and rentry points if this is a true 2nd push.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.