EURCAD setting up for impulse higher

FX:EURCAD   Euro / Canadian Dollar
189 2 8
For my previous posts and context see link below:

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.


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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
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