EURCAD corrective structure

Euro Fx/Canadian DollarFXCM

Description

⋅ Sep 29, 2015 8:46 AM

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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Elliott Wave

Comments

rlong9500

⋅ Sep 29, 2015 9:33 AM

complex corrections require patience to trade

Cazzie

⋅ Sep 29, 2015 9:30 AM

This pair is in a range. A really good trade.

Bola_Lukman

⋅ Oct 1, 2015 6:10 AM

Great set up!

Cazzie

⋅ Sep 29, 2015 9:38 AM

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.

wavesoptions

⋅ Sep 29, 2015 9:20 AM

much complicated pattern

IvanLabrie

⋅ Oct 4, 2015 2:02 PM

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.

aaahmed12

⋅ Oct 1, 2015 10:28 AM

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