EURCAD - Clean chart with more than 5x profit potential!
We should be in a ABC correction, currently in last moments of wave (c) of higher degree wave ((b)).
I expect one more push lower to the 78.6% retracement level which should act as support.
If price goes below wave ((a)) low, the count gets negated and most probably the ABC correction ended at 1.5230 with a very small wave C.
Setup :
Pending long @ 1.4950x -
Stop 1.48750.
Target 1: 1.53150.
Target 2: 1.55100.
Start with a small lot size at first then scale in when price goes our way.
I expect one more push lower to the 78.6% retracement level which should act as support.
If price goes below wave ((a)) low, the count gets negated and most probably the ABC correction ended at 1.5230 with a very small wave C.
Setup :
Pending long @ 1.4950x -
Stop 1.48750.
Target 1: 1.53150.
Target 2: 1.55100.
Start with a small lot size at first then scale in when price goes our way.
Comment:
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Comment:
Position closed at break-even.
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