EURCAD: We are expecting market to move up

Hey Traders, let's keep an eye on EURCAD, why are we expecting market to move up?

1) Looks like it's an ending structure and every new low will be the potential last low.

2) Al structures are completed and market is ready to move up anytime but if we get a correction up and one more push down, even better.

3) After the first up wave we will see what market will give us and we will update you. If we get a correction after the first impulsive up move, market will continue up.

4) EUR is about to start a corrective structure upwards and CAD looks like it will get more weaker so this is an indication that EURCAD can reverse anytime.

So, should you jump in? No, wait for your buy setup and you go for the buy. What if market continue the fall? We will not enter before we get our buy setups.

What if you are already in the sell? You move your stops and let market unfold.

For us, the structure needs an up move to target liquidity above previous highs or to reverse and start a big corrective wave. Even if market wants to continue to the downside, a corrective structure upwards is needed so we will be looking for our buy setups for now.

We hope all of you get in this USDCAD buy and made money our of it

If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.

What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...


DO NOT FORGET OUR 4 GOLDEN RULES:

1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position


Trade with care
We Trade Waves Team

Comment:

Hey guys, those of you who are in move your stops and those who didn't entered yet you can still look for buy setups.

Trade with care.

Comment:

Hey guys, market is moving up! Those of you who are in move your stops into profits and let market unfold...