TradingView
ElliottWaveBelgium
Jun 4, 2019 5:22 PM

EURCAD - Breakout coming very soon !  Long

Euro Fx/Canadian DollarFXCM

Description

We have been in this big triangle since March.

I have this as a bullish triangle so we should see an upside break after one more push lower for wave E
which should end around the 61.8%/78.6% retracement levels
(sometimes it can even do it without even touching the 50% level, that would just be bad luck, nothing to do)

Note that, if we go below the invalidation level, we then can count this triangle as a bearish one and we need to look to go short.

Comment

Don't hesitate to like and share my ideas
Also, Subscribe to my FREE Telegram Channel for MANY more updates
t.me/em16public

If you have any questions, reach out to me through
comments, chat or my Telegram t.me/ewbelgium

Comment

What do you think about this post? Have any question?
Just leave a comment!
More