****Massive long on EurCad*****
cornfirmation
--EurCad has just broken downward trend to the upside with a massive bullish candle
--RSI was oversold before the bullish candle up
--Divergence clearly seen on the RSI
--Break of structure (shows bullish momentum)
****Entry****
--Aggressive traders can enter now
--Cautious traders can wait for a re-test of the...
*Trend line breakout and re-tested!
*AB= CD pattern complete at 1.618 fib ext. area
*Double Bottom forming
*Bullish Divergence
*Over-Sold in Daily chart (RSI 14)
Aggressive Traders may go long now!!!! and less aggressive Traders may wait for a 'break above close above' on the 1.52260 level
*As we see the '147.00 - 148.00' is a very significant area as price has been bouncing of it in the past. It has been resistance 3 times before now and this shows it is a very strong resistance area which price will not ignore!
* We see price bounced off the resistance trendline on 3 occasions and it is re-testing the trendline again!
*the RSI is also in the...
I believe the fifth impulsive wave is complete as it just hit the 0.618 extension ,and now the correction wave 'A' can begin going downwards ..monitor this pair closely as this is a very good shorting opportunity :)
Bullish Shark complete ! I believe the D leg of the of the shark pattern (or extended cypher) is completed and this presents buying opportunities!!! As we also see price has just hit a major support level bringing about an opportunity to go long.Watch this pair closely !!!
