forexdailywisdom
Long

EUR/CAD: Time For A Turn?

FX:EURCAD   Euro Fx/Canadian Dollar
On the weekly chart we see near perfect squaring of price and time. The market made a sustained rally from August 2012 to March 2014 then retraced 50% of the price range very near 50% of the time range. After a short rally it then retraced 61.8% of the price range at precisely 61.8% of the time range and is now rallying. Buy at or near 1.37 stop 1.3620. Advance stop under swing lows ( daily chart ) and stay long until hit.
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