After my failed attempt to short the EURCAD yesterday, I am looking for a new entry. I think this s a great setup.
Why did I put the entry at 1.46000?
- 61.8% of the big move from May 2016 to June 2016
- 127.2% of the move from June 2016 to July 2016
- 127.2% of the move formed in July 2016
- Completed pattern
- Previous structure
Will keep this updated as time progresses. Good luck!