EURCAD - SHORT within wave 3
Updated
Dear community,
I have opened a
EURCAD short position as I believe, based on the Elliot Wave theory that the price is currently in the process of forming a wave (iii) within an overlying cycle.
The overlying cycle is currently within a wave three as well, which is usually an indication for rapid pro-trend movements.
Based on that I am expecting new lows within the coming weeks and most certainly a test of long lasting up-trend channel.
I will be updating this trading idea along the way and if you wish to receive updates please make sure to like the idea or even better, follow me.
Good luck!
Alysson x
I have opened a
EURCAD short position as I believe, based on the Elliot Wave theory that the price is currently in the process of forming a wave (iii) within an overlying cycle. The overlying cycle is currently within a wave three as well, which is usually an indication for rapid pro-trend movements.
Based on that I am expecting new lows within the coming weeks and most certainly a test of long lasting up-trend channel.
I will be updating this trading idea along the way and if you wish to receive updates please make sure to like the idea or even better, follow me.
Good luck!
Alysson x
Note
The trade is coming along very nicely. Hold!
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