EURCAD SWING TRADE.
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After finishing 5 waves down as it's shown on the charts, you could see an expanding triangle at wave 5 (ABCDE), finishing wave E from this triangle, we can look for bullish opportunities from there. Zooming into the 1 hr t.f we could see clearly a new Eliott wave forming since 7 DEC 2021 with 4 waves till now, wave 4 came as a rectangle (complex wave with 40 pips range), so we could look for entries with a 1hr close above the consolidation targeting 1.4410 as 1st target before continuing its upside (2nd target is 1.4530). and previous high for ABC correction. Always plan your trade and trade your plan. Trade safely.
Disclaimer: our analysis is based on our experience, please make sure to do your own research before executing in our bias. we are not responsible for any loss in your account.
After finishing 5 waves down as it's shown on the charts, you could see an expanding triangle at wave 5 (ABCDE), finishing wave E from this triangle, we can look for bullish opportunities from there. Zooming into the 1 hr t.f we could see clearly a new Eliott wave forming since 7 DEC 2021 with 4 waves till now, wave 4 came as a rectangle (complex wave with 40 pips range), so we could look for entries with a 1hr close above the consolidation targeting 1.4410 as 1st target before continuing its upside (2nd target is 1.4530). and previous high for ABC correction. Always plan your trade and trade your plan. Trade safely.
Disclaimer: our analysis is based on our experience, please make sure to do your own research before executing in our bias. we are not responsible for any loss in your account.
Disclaimer
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