The EURCAD CORRECTIVE DOWN TREND Short

Euro Fx/Canadian DollarFXCM

Description

⋅ Oct 13, 2015 2:17 PM

The EURCAD is in a corrective down trend this move up still a correction until the trend is broken.
If it breaks and correct on a lower degree sell it . I will post the sell setup on lower time frame .
If it consolidate in this smaller channel i will look for short term buy setup.

Use a tested strategy to trade.

Elliott Wave

Comments

P_Parker

⋅ Oct 13, 2015 2:21 PM

Nice. I have that too:

anilmangal

⋅ Oct 13, 2015 2:22 PM

nice

ChetanFX

⋅ Oct 13, 2015 3:15 PM

Downfall is inevitable don't know why people are posting of start of uptrend..

Cazzie

⋅ Oct 13, 2015 2:52 PM

I believe this pair is due to fall, but needs to go higher first, otherwise you'll need to be a good swimmer.

Cazzie

⋅ Oct 13, 2015 2:28 PM

Anil, The GBPNZD & GBPAUD are correcting which will be quite a large correction.