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gpuri
Aug 18, 2014 11:45 PM

EURCAD on Strong Support May Start Wolfe Wave 4-5 Long

Euro Fx/Canadian DollarFXCM

Description

EURCAD has hit it's strong support level at 1.4545. This could be the beginning of Wolfe Wave 4-5 which may reach Target TG1. Target TG2 could be placed on another support level at 1.4440
Comments
samed.karsanbas
as i said on my coment "price is gona go down first" and happend anaylsis right but trade strategy was totaly wrong . 1. instead of buying on 1.4552 had to be sell on 1.4552 til 1.4450 after reached there time would be great for BUY.
this analysis explosed
samed.karsanbas

well nice anaylys but first target must be bearish til tg2 sup cuz eurzone economy going down and 2 bilion investors money has been gone from eurzone stock market as well as ecb losing trust day by day. down trend has been started at 03.16 and stil going on til this time and getting stronger when price is touch and revolve. if ttg2 sup lvl doesnt break then can take bullish position til tg1. thats my idea. when bearish trend breakout and price open up on that lvl then it will be good time for buy til t1.
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