EURCAD has shown bearish impulse and strong actionary wave structure to the downside. Wave count suggests more downside to come. AB=CD level makes for a good target. Stop-out level will mean higher bullish correction and we will look for a selling opportunity up there. If not, ride this one down!
Trade active:
Looking for some sweet, sweet resistance here
Trade closed: stop reached:
We didn't get that final actionary push I was looking for, invalidated above stop level. I'm out until further analysis. Good Luck!