EURCAD may have Breakout from the 4Hr Resistance.
OR
Market Makers doing SL Hunt for those who Shorted from the 4Hr Resistance.
OR
A Inverted Head and Shoulder in the Bigger Picture. Where the Right Shoulder is being Formed.
Just my idea. Happy Trading.
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We have been ranging through this Triangle and We are near the APEX.
We should be able to see which Direction its going to go anytime soon.
Be Patient and Wait for Breakout.
No Financial Advice but Just an Idea. Trade at Own Risk!
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Here is what we can see a plotted Expanded Flat Retracements for the Wave 2.
As you can see i have entered on the Chart where i think the last 5 sub wave of Wave C of the Expanded Flat.
Wave C on a Expanded Flat usually extends over Wave A and Retail traders sometimes think it's a Price reversal and...
USD is weak due to its 3.283 million Jobless Claims. This means FEDs has to increase its QE or the economy will go down.
"The US reported a leap to 3.283 million jobless claims in the wake of the coronavirus crisis."
- www.fxstreet.com
CADJPY has been on my watch list for a few days now and it seems to be going to the upside. Reason is that when you look at bigger time frame like Weekly Timeframe it shows that the Bulls have really fought hard on the 2 previous weeks.
CADJPY is currently battling the Weekly resistance shown in the chart. If it manages to break to the upside and bounce on the...
