Zohaib_Malik

EURCAD CORRECTIVE STRUCTURE

FX:EURCAD   Euro / Canadian Dollar
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6
148 6
Hello guys hope you all are doing good.. Showing u the corrective structure of EURCAD
It is in a bigger weekly structure and now it is at the bottom of the structure and its looking that one more up is possible which is a big upside in weekly structure.. So I am interested in buy setups in this pair after this little down is over.. So wait for the confirmation of upside then look for buy setups... If it breaks the weekly structure I will wait for the confirmation. Don't jump if it breaks any trend line .. Keep an eye on it
Thank you!
Keep following and support!
Comment: Weekly overview
Beautiful trade setup, thank you for sharing your view. I have similar idea as well on this pair.
+1 Reply
Can you explain to me why you want this to become a 5 wave correction? any hints for me?
+1 Reply
Zohaib_Malik ernstschwarz
@ernstschwarz, Bcz the structure has the possibility of one more up! If it breaks downside no problem we will look for sell setups. Both side good trades! If it goes one more up we will get a chance of a big sell from the tops and keep it for so long!
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ernstschwarz Zohaib_Malik
@Zohaib_Malik, ok. you update does not show that you also suggest a break to the downside / 3 wave structure now.
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it is a nice setup though! is it possible to break bottom, making a flag or deeper correction to the downside ??? anyway thank for the idea! great sir!
+1 Reply
Zohaib_Malik sopheareth
@sopheareth, Possible but it looks more upside! The down move is not so aggressive!
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