iAndi
Long

EURCAD ABC correction buy

FX:EURCAD   Euro / Canadian Dollar
This looks a correct ABC correction. We just broke the low and for a full pattern we should retrace. I would wait for a retracement above the lower trendline , a consolidation and the buy it.
It would happen fast so look it in a smaller TF.

If you buy once we get around 1.47500, put your buy to break even.
It is a 380 pips buy. If you manage to get around 250 out of it you are good.
There is still some up possibly. Even though we could already take this small impulse are a C wave, the consolidation that the market is currently doing on this pair shows that we could have another impulse. If you are in this trade, you might want to move yout SL to breakeven.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out