anilmangal

EURCAD corrective structure

FX:EURCAD   Euro Fx/Canadian Dollar
1615 7 141
EURCAD             is in a corrective structure selling lower degree correction in the bigger structure is a good idea ,if not, wait for the break to sell.

This is in line with most of the CAD PAIRS.

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much complicated pattern
+1 Reply
This pair is in a range. A really good trade.
+2 Reply
complex corrections require patience to trade
+2 Reply
Anil EURNZD and EURAUD are much the same in the movement of EURCAD. They are all ranged though, which is useful as limit is easy to find.
+1 Reply
Great set up!
+1 Reply
Hi Anil,
When it breaks below the line, what is the confirmation that it has broken? because it could certrainly go back up.

Also, if it bounces, what is the confirmation there, because it could certainly bounce and come back down

Thank you
Reply
It will most likely rebound sooner than expected. And this week, based on my own analysis.
Looking to buy the end of the corrective leg down.
Reply
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