EURCAD - 4th wave correction for a bearish ending diagonal
EURO/CADDIE comes all the way down and seems to reach a bottom for now.
MACD indicator shows divergence of movement: prices go down and the indicator goes up.
About the ending diagonal, it is expected five waves down projecting price to $1.39~ in medium-term. All this bearish movement since late August is a consolidation. When it comes to an end, it may trigger some serious bullish momentums.
Happy trading!
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MACD indicator shows divergence of movement: prices go down and the indicator goes up.
About the ending diagonal, it is expected five waves down projecting price to $1.39~ in medium-term. All this bearish movement since late August is a consolidation. When it comes to an end, it may trigger some serious bullish momentums.
Happy trading!
____________________________
For TRADE SIGNALS and TRAINING please, send me a Private Message, Email (insidemarketfx@gmail.com) & Skype (@insidemarket168)
Comment:
Analysis still valid. Price lays at support (not on chart) similar to the falling wedge at EURUSD.
