Trading_an_Edge
Long

Bullish Elliott waves count on EUR/CAD

FX:EURCAD   Euro Fx/Canadian Dollar
Long-term trade,

for more infos, check =>

http://www.mql5.com/en/blogs/post/44998
justatrader PRO
2 years ago
Interesting.. So with a fundamentally weak Euro and the possibility of the ECB launching an ABS style QE, whereas the Canadian dollar in comparison being fundamentally stronger, you recommend long positions.. Also the analysis is based on an assumption that wave 4 is complete. A bearish engulfing candle two weeks ago followed by last week's candle failing to close higher leaving a long upper wick..

Will be keeping an eye on this analysis.
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Recluse82 justatrader
2 years ago
very nice setup, my tp.is also around 1,60
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Trading_an_Edge Recluse82
2 years ago
Thanks ;)
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Trading_an_Edge justatrader
2 years ago
Hello Justatrader,

I don't pay attention to the fundamentals because I have the believe that prices move first, news come after.

For the wave 4, of course is an assumption based on the potential support around 1.41 level, but an assumption with acceptable risk/reward I would say :)

For the rest, I'm trusting the patterns until my stop-loss get hit, I managed and accepted the risk for that. The Market will decide like always, if right or wrong, nothing to think about ;)

Thanks for commenting anyway ;)
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