POTENTIAL LONG OPPORTUNITY ON EURCAD
Price is trending up in a clear 5-wave structure.
.
Price broke out of resistance level and completed impulsive wave 3.
.
Price is currently retracing back to retest the broken level and has the potential to move up towards the resistance level.
.
To take advantage of this setup, we will have to wave for the completion of the corrective Wave 4 at our confluence level and wait for the breakout of the blue counter trend line for a long entry.
.
Thanks for reading!
.
Price broke out of resistance level and completed impulsive wave 3.
.
Price is currently retracing back to retest the broken level and has the potential to move up towards the resistance level.
.
To take advantage of this setup, we will have to wave for the completion of the corrective Wave 4 at our confluence level and wait for the breakout of the blue counter trend line for a long entry.
.
Thanks for reading!
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.