Eddied01
Long

EURCAD-Potential of +/- 6% upside

FX:EURCAD   Euro / Canadian Dollar
65 2 14
We have just seen a very good retest of the breakout support.
If this hold the potential upside would be around 6% over the next 4 to 8 weeks.
If my count is correct it should not go below 1.45991 as wave 4 can not break into wave 1 price territory.
If it breaks the breakout support line as well as 1.45991 I will close the trade.
The Euro's strong bullish sentiment could change over the next few weeks so something to be aware of.

Could be a really nice ride up if it plays out.
I will keep a close eye on this one and update my plan weekly.
It took a bit longer than expected but target reach.
Time to look at shorting it now
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Great analysis
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