FullTimeTrader
Short

EURCAD-Nice area for a short

FX:EURCAD   Euro / Canadian Dollar
434 7 14
This pair is making a big ABC (or WXY) correction that may be over very soon.
Price is getting closely to the 0.61 fib retracement.
We see also an AB=CD pattern and a previous wave 4 that could act as resistance. A corrective channel is also in play.
Cloning tecnique (my new toy) also working fine here (see below).
If price gets to this area it will be a killer trader.
Best regards.

Very nice to see ABCD.
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Almost @ entry... Still a go for you?
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Hello, the trade is already triggered for me, i hope this week all EUR pairs will decline. Regards
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KVE FullTimeTrader
Tnx 4 the reply, good luck!
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Clone technique below:
snapshot
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louie.angelo.collera FullTimeTrader
Hi FTT, looks like this has started south. what do you think?
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FullTimeTrader louie.angelo.collera
I think that we should wait because some EUR pairs are showing some sign of strenght this days. I learned that we must be patient and wat for our "ideal" setup. According to my experience the 0.61 fib level is very magnetic an the price tends to meet it. Of course nothing is sure in trading, but i prefer "to lose a trade rather than lose money", another great lesson to learn.
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