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Eurcadbuy

EURCAD LONG Situation 15:15 NYT 15.3.2019Hello to all which follow my charts. Here The Situation in EUR CAD at the moment. For an easy look a the big picture i have used my renkocharts i am favourite from. So here we go: EUR CAD had had a sharp downtrend from beginning of 2019 At around 14.1.2019 the pair has build out a short channel which has lasted till 25.2.2019 From this day on EUR CAD has broke out form that short channel and since now we are in a LONG setup . Now we have a pull back which could be a nice chance for a new long position. Remember that if you would had beenn the first mover on outbreak the short channel your buy had been at around 1.5050 which is not so far away from todays trading if you do not daytrading here. ------------------------------------------------------------------------------------------------- --This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
Long
by Renkotrade
EURCAD POTENTIAL TREND CONTINATION SETUPHi Traders, The 4-hour chart of EURCAD shows that the break out of descending wedge that lined up with a key resistance level is a five-wave impulse in wave (a). . According to Elliot Wave theory, a three-wave correction in the opposite direction follows every impulse pattern before a resumption in the direction of the trend. . We will wait for the completion of the corrective pattern, which is most likely retested the broken resistance that lined up with 50.0 Fib ratio and moving averages; . Then look for the breakout of the counter trend line for entry. Price has the potential to move up towards -27.0 Fib Extension to complete wave (c) of 2. . Safe Trading! Veejahbee.
Long
by Veejahbee