Let it break below that blue ray line, and then start looking for the structure and patterns to give a buy entry. This one could be ready very soon.
Thank you.
Thank you.
Comment:
Whether it touches that blue ray line or breaks below it before moving upwards, we shall wait for a convincing push upwards. Then, preferably, a tight flag on either the 15 minute or the 1 hourly chart. The break of such a flag will be an awesome entry for a buy if the rest of the things happen almost the way I anticipate.
Comment:
EURCAD looks different from EURAUD . This one could offer a good long position. We'll wait for a convincing push up from the ray line which is off the weekly charts. Or we'll let a tight 15 minute or 1 hourly flag form once a push upwards happens.
It may be ready soon if that ray line holds its ground.
It may be ready soon if that ray line holds its ground.