BLUE43

EURCAD - Zoom on 8h frame - Update

FX:EURCAD   Euro / Canadian Dollar
14
Where are we going with this one ?
We have a bounce at the 0.382 weekly level so will it test the last high ?
If break down it will go to the 0.5 retracement weekly level to complete a potential Bat Pattern
On more down at the 0.618 it will the confluence of the target of the wolf wave, and the down line weekly channel.

Following this one for clrear setup

When you are a looking for an entry short or long and like me (on harmonic trader) you dont found perfect setup to do it, it can be usefull to compare with some corelated pairs. If they have more clear hamonic setup, it can help you to enter in the first one.
Here the exemple, with undefined shark pattern and well defined bat pattern (EURCHF)

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