FX:EURCAD Euro Fx/Canadian Dollar
EURCAD has found support at 100% FIB Extension and structural support with possible 4 Completion. Wave 5 may take it all the way to at 1.6200 and above to complete a pattern. shows oversold condition. All the four factors signal a .
Yeah but, if it doesn't hit the 1,272 extension, then it shouldn't be a factor to confirm a bullish trend as you describe right? As it does not complete a cypher pattern if price gets to 1.6200 because it's not valid. (I actually think if a pattern isn't completed yet it does not confirm anything where price should/would go, because a pattern in the making is not a drive for the market to complete in my opinion)