SN_Doumet
Short

EUR/CAD - EITHER FLAT OR EXPANDING

FX:EURCAD   Euro / Canadian Dollar
After the most recent impulse the pair has been forming a consolidation for a few days. Now the consolidation is either a Regular flat or an Expanding one. I am slightly favoring an Expanding flat more for the reason that the pair has not formed 3 wave structure up to the top but only 2 so far. So I expect 1 more brief wave up before the bigger move to the downside which will in terms be leg c.

My personal details:
Short @ E: 1.5040, SL: 1.6040, TP: 1.4740, RR: 3 OR E: 1.5260, SL: 1.5360, TP:1.4760, RR:5

For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment: Bigger picture. We are currently found in a Running Triangle correction
Comment: Getting closer and closer to a break down..? Ending diagonal almost complete
When do you think it will hit 1.48475? and how much more will it go higher?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out