EURCAD: Buy breakout

FX:EURCAD   Euro / Canadian Dollar
802 10 32
The pair looks to have bottomed and we have now started a wave up, the correction of this wave looks to be over and it's a good idea to long after a confirmed break up.

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I dont think its a buy but more a short... we just got a beautiful double top... good sign of bear! USDCAD did the same thing!
piphunters jolicoeur342
it's still a corrective structure, let's see how it develops
Lovely set up coming into play here, would be good to see some strength in the Euro with all of the QE going on. Lets see how it goes next week! :)
piphunters lukelehepuu
I am expecting more down before going up!
piphunters Zohaib_Malik
alright :)
Yep, very similar to USDCAD on Friday...lagging it a bit. It'll surge upwards. :D
piphunters IvanLabrie
Thanks Ivan, agree it's not having high momentum and probably due to EURUSD falling heavier than USDCAD is rising yet but I as you know this kind of structure will impulse quite suddenly out of no where :)
IvanLabrie piphunters
I'm long EURUSD in fact, the dollar strength I see it mostly against the CAD, due to oil topping. We might see a risk off event, which would strengthten the CHF, JPY and EUR I think.
piphunters IvanLabrie
good luck!
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