sdailey23

Multiple time Frame, multiple principle analysis

Short
FOREXCOM:EURCAD   Euro / Canadian Dollar
240
Basic wave analysis with clear structure building
All subdivision was pretty cut and dry until we started slowing momentum here recently towards the end of the wave
Fibonacci and all subdivision is giving some pretty good ranges to play within as well
a few possibilities here as you can see
Im expecting at the least one more play to the downside but this long term swing may take on its correction here soon if we break some higher highs

60
Demonstrates the power of basic chart analysis
You can see how price move from one zone of consolidation to the next without the use of wave analysis or fib
You can see the affects of supply and demand when price plays within the ranges given

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