Kumowizard

EURCAD - Update - Correction is smoothly going on

FX:EURCAD   Euro / Canadian Dollar
72 3 2
Since my call for profit taking on shorts ( pls             see link below), EURCAD             extended its correction further

Daily:
- Heikin Ashi candles are green with no lower wicks. haDelta/SMA bullish cross above zero line, HACO bullish
- MACD bullish cross confirms correction
- Price can reach 1,3850-1,3950 bearish support. There we can start looking for new sell signals again.

4H:
- Ichimoku setup turns bullish on this lower time frame. By now both tenkan and Kijun is above Kumo. Chikou SPan cross above past Kumo can gove further confirmation.
- DMI is bullish with increasing ADX
- Heikin Ashi setup is firm bullish
I'm patiently waiting to short...downside potential is great.
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Kumowizard IvanLabrie
I do the same. Closed my shorts a bit above 1,3500 now waiting for a new sell signal
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IvanLabrie Kumowizard
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