EUR/CAD 4H Short Trend follow
Price formed a 4h Buy Signal last friday, price may make a correction to the top of the Trendlinie in a 5-wave structure.
From there further downside movement should be expected to a new daily low.
Time wise it lines up with Friday CAD news which could result in an large down move over the next 3-4 weeks.
From there further downside movement should be expected to a new daily low.
Time wise it lines up with Friday CAD news which could result in an large down move over the next 3-4 weeks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.