YProsper

EURCAD Conditions before I Buy/Long

FX:EURCAD   Euro / Canadian Dollar
22 0 1
After the Inverse Head and Shoulders i would of thought we were heading higher but since we broke and are now trading below the initial neckline I think we are going to find support around 61.8% fib.

1.485 is a good entry for me
We're trading below MA's so we could breakout of the descending channel and head to the mid level of the marubuzo candle stick on the Weekly TF which is strong support. If my memory serves me well we could be inside the marabuzo.

We've broken the Daily mid so now lets see if we're gonna keep heading lower to 61.8 area.

Just look for confluences and trade em'
Good Luck.
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