WaveAnalysis
Long

EURCAD Long Trade Setup

OANDA:EURCAD   Euro / Canadian Dollar
Hello Traders

This is a pretty short-term trade setup. As you can see, my expectation is one more up impulse as C wave for the completion of the 2nd wave. My target is 1.515 which is where 0.618 retracements of 1 and 0.272 extensions of A. Now, I'm waiting for a correction to take a long trade. Actually, I was waiting for a correction after first upward impulse to place an entry order. That would be a nice trade, but it didn't give us any chance. Now, we should wait for a bigger correction.

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Trade with care.
Bulent
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