HiTech
Long

EURCAD 800 PIP RALLY AHEAD

FX:EURCAD   Euro / Canadian Dollar
209 8 3
EURCAD             is moving up steady, the 100% fibs support rejected, 161.8% resistance broken and currently acting as a support. Ascending channel rejected and cycle up still valid. I'd expect a short rally up from the current price, then a small correction and the final wave up towards 1.48 area.
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EURCAD will now either revers or correct strongly after rejecting 2.618% Fibs resistance
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I think now there will be a correction down that will provide another opportunity to go long sometimes next week
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Excellent additional buy right now on retracement. currently trading at 1.4032
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I see it different, refused at channel fake breakout. Daily candle not closed yet, but it doesn't look bullish at all!
snapshot
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HiTech PRO Yahia.Awes
Well to me almost all EUR pairs look bullish, EURCAD, EURAUD, EURUSD. Thanks for sharing lets see how it plays out, current price seems to be optimal for buying
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Current price is about to violate yesterdays low and that is bearish.
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Yahia.Awes Yahia.Awes
EURAUD bullish? Have you seen the bigger picture?
snapshot
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HiTech PRO Yahia.Awes
this trade setup is in continuation of these analysis and yes, currently I see it bullish
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