TimStuyts
Short

EURCAD update

FX:EURCAD   Euro / Canadian Dollar
246 4 12
EURCAD             is moving lower in an impulse and we simply have to wait for consolidations before selling the continuation. It is very likely that price will show a response to previous lows for either wave '5' or 'b'. I wouldn't advise to buy from those levels (or it is on lower time frames for scalpers after an impulse/consolidation of lesser degree) but wait for a consolidation to mature.
snapshot

Updates will follow
Comment: Short term buy opportunity after at least another corrective leg lower.
snapshot
Comment:
snapshot
Comment:
snapshot


The bullish move we were looking for looks corrective and it might only be a wave A which means we should anticipate another leg higher. On the other hand this might be all, in that case a bearish impulse will follow. The arrows show both scenario's and after a consolidation we can trade the continuation.
thanks for the update
Reply
What do you think about EURCAD short term. I bought it low during FOMC ; looking for 1.43 but it didn't quite hit my target yet
Reply
TimStuyts Ranothil
@Ranothil, I just updated the chart. Safe trades!
+1 Reply
Ranothil TimStuyts
@TimStuyts, I'm enjoying the up impulse right now :) thanks
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out