Ecad is making a small ending diagonal and just barely broke major high on the weekly, after it broke the diagonal and channel it was is in in it's current pattern. May get a wave retrace. I'm taking the day off, just happened to glance at it.
Comment:
I would like to reiterate Ecad is "making" an ending diagonal possibly. It can come down from here or it can push up more. There may just be a scalp right now. Possible awesome entry I can take 15 pips right now. We don't have confirmation on any longer term sells on these cad pairs until they actually go down, stop, and then make a corrective pattern. I can see more room up on other Cad pairs before the large trades. Right now I can see Gcad make a potential expanded flat pattern and coming down from where it is at and potentially breaking the low of its correction but that is just speculative. I don't have time for this right now. I said I was taking the day off.