__SpecialFX__

Wave Count showing Critical Levels in EURCAD

FX:EURCAD   Euro Fx/Canadian Dollar
38 0 1
The Downtrend in EURCAD             that we've seen since mid 2014 has seen a sharp rally since April of this Year.

We now see the pair retrace to the deepest retracement, the 88.6% fib.

There is still a possibility, that the last leg in this correction turns into a double corrective structure, we often see that in alternation. As well the first leg had shallow retraces so seeing a deep retrace also fits the rules of alternation. If this leg is a wave W, it would target the next leg below 1.30

There may be a good trade setup here as the invalidation levels are quite clear,
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out