EURCAD: Get ready for a zigzag

Euro Fx/Canadian DollarFXCM

Description

⋅ Sep 30, 2014 1:08 AM

I noticed a countertrend impulse has been completed, this would point out to a zigzag corrective pattern unfolding.

If the AB=CD symmetry were to hold, we could long this pair to then ride the impulse down on the short side.

EURCAD

Comments

IvanLabrie

⋅ Oct 1, 2014 2:42 PM

Triangle completion in the 4h timeframe is near. Looks like an ending diagonal.

IvanLabrie

⋅ Oct 9, 2014 4:36 AM

Price action moving up as expected. Strong resistance at the 1.28 zone. I spy a zigzag forming inside this corrective leg up, but the daily timeframe seems to still be in control, so I expect to see some lateral and complex corrective moves in the coming days, before hitting my targets at 1.29-1.33.

IvanLabrie

⋅ Oct 9, 2014 4:40 AM

Ignore this snapshot, wrong chart. Getting late I guess.