FX:EURCAD   Euro / Canadian Dollar
341 0 16
The EURCAD             is in a complex correction so we have to focus on the main characteristics.
We see many overlaps which is almost always a corrective sign, with 7 waves and 7 is an extension of 3 which is a corrective count. We also saw this happening after a bullish impulse which I counted as a wave A.
Therefore I still like to see a move higher to test 1.49.
However we might see a truncated wave C so we need to be careful and trade what we see, this is why the safest trade will be a bullish break followed by a consolidation to buy the continuation.

http://www.timstuyts.com

www. facebook             .com/timstuyts
Comment: EURCAD is coming close to a possible conservative entry. I personally favored CADCHF for trading but EURCAD is moving as anticipated. Watch for consolidation and potential buy.
snapshot
Comment: Guy's we saw the break, if you are not already in the trade look for minor consolidations and buy the continuation. Blue dotted lines represent my ideal target zone for wave C.
Comment: Keep looking for consolidations and buy continuation because we most likely move higher towards at least 1.482 and 1.493-1.50 respectively.
snapshot
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out