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Drap3r

EURCAD elliot wave pattern and support.

Long
Euro / Canadian Dollar (FX:EURCAD)  
Drap3r  
FX:EURCAD   Euro / Canadian Dollar
Support and Resistance Elliott Wave
3
3
supportandresistance elliottwaves
On the daily chart , EURCAD 0.60% showed a strong support (Blue) and resistance (Yellow).

Additionally the Elliot wave pattern partially forrmed reaching the B pattern. The C pattern need to be formed.

According to the elliot wave theory, going long on EURCAD 0.60% could lead to some pips.

I will still nevertheless suggest to wait the RSI confirmation.

Don't forget your SL and TP. EURCAD

Good luck, hope you enjoy!
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