EURCAD Wave count shows the move from highs at 1.5555 has completed on a leg lower to 1.4705 which has been marked as wave (W).
Yesterdays push higher and fake above the 1H channel completed the retracement in wave (X) and we are now starting a new downside cycle.
First targets come in a previous resistance turned support at 1.4256
Wave Count Invalidation on a upside price breach of 1.50
Yesterdays push higher and fake above the 1H channel completed the retracement in wave (X) and we are now starting a new downside cycle.
First targets come in a previous resistance turned support at 1.4256
Wave Count Invalidation on a upside price breach of 1.50
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Related publications
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.