TimStuyts
Long

EURCAD setting up for impulse higher

FX:EURCAD   Euro Fx/Canadian Dollar
189 2 8
For my previous posts and context see link below:
EURCAD according to plan, follow up (and example how to trade)


Short term we might see a continuation of the current bearish move within the corrective combination on 4hr time frame.
The 1 hour time frame will give us the first sign whether or not the consolidation is ending. Comparable to USDCAD             I like to see a first impulse higher of lesser degree and then start buying EURCAD             . We have to keep in mind that EURCAD             might test 1.4250 first and that's why I'm careful. A corrective combination can take relatively long and I have to determine whether it has finished first.
snapshot


http://www.timstuyts.com

www. facebook             .com/timstuyts

https://www.youtube.com/watch?v=HvmWTm4fcl8
Thanks. I have the same view which I've shared -- because the last up move from 1.43x is only 3 waves
+1 Reply
TimStuyts ezodisy
yes I agree, that's why I was conservative in my previous post. Anyway the more it retraces the better the buy once it is finished;-). Good trading to you.
+1 Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out