RayJoyce
Long

Eur/Cad Upcoming Long Position

FX:EURCAD   Euro / Canadian Dollar
I believe there will be an upcoming period in a few weeks or months, where a long opportunity will present itself. This pair has bounced off of a fibonacci retracement and looks to be forming the rest of D part of the ABCD pattern . Also, the pair is currently trading in a channel, which I expect will be broken out of and this pair will head to the upside. I'm waiting a break of the channel and the crossover of the moving averages but I am fairly confident that this pair will be headed to the bullish side.
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