There is very high probability we will get one more impulse up as structure indicates we are in bigger degree expanding flat correction abc. I will be waitng for trigger as price still keep dropping however i thing correction will end soon as momentum slows down.
I have updated my medium to long term forecast for this precious metal. I think there is higher propability for price to go up first and than down to complete bigger flat correction before nexthuge move to upside.
This is my long term forecast for thip currency pair. There is high propability price may reverse after breakingprevious swing high and give us one more wave down so I will be looking for sell setups at top. Whole structure shows sign we have bigger head and shoulders pattern in making. Watch price action after breaking the neckline of structure as either way...
We have a clear divergance in MACD which indicates price will fall very soon. Momentum is slowing down and will enter on the breakout of trendline marked on chart. Please note price still might go up slightly.
Looks like we are in big daily flat ABC correction. You can sell if price pulls back to yellow zone or if makes lower degree correction on lower timeframes.
Look like flat abc correction is over and I am expecting another wave down to target as marked on chart
Structure indicates we have a head and shoulder pattern in development . Wait for breakout of neckline for entry. Structure indicates trend reversal and start of bigger degree correction.
This is my long term forecast for EURCAD pair. Structure indicates we have a running triangle pattern in development on weekly timeframe. Please note that wave E might be shorter than the one have drawn on chart, I will keep posting updates as structure unfolds.
Looks like we have head and shoulders pattern in development which indicates trnd reversal and start bigger degree correction. Wait for clear breakout of necline of pattern to entry.
I am strongly convinced that big weekly correction has just finished and we should have resumption of long term trend now, There is still possibility for one more up within this structure when price will reach lower trend line however as we we are on current wave it is good idea to sell. You can look for entry on lower time frame for even much better RR. Good luck !
Looks like we have a bigger flat correction ABC in development and I expect another impulse to downside to break below 9000 level.
Current structure indicates we have a flat ABC correction in development and currently we are in last wave C of correction. I expect wave C to retests a previous level of point A.
We have a bullish bat pattern in development on daily. It would be a good idea to buy at level of completion of last leg of pattern as marked on chart. I have two targets and will be watching if upper trendline will be broken. Good Luck!
I am looking for sell setups on this pair as I expect reversal or at least bigger correction. Looks like we have a butterfly pattern in development at it might be an excellent opportunity for entry point. I have two targets and really hope this will be much bigger wave down.
We have a triangle pattern in development on daily timeframe possible as a wave B of bigger ABC structure. Be aware we might still have a last down leg to retest bottom of structure or it can take of from current level or slightly lower. Either way it will an excellent trade so do not miss one.. Good Luck !!
This is my projection in medium term view. I consider two for of correction before another big eave up to aroun 1500$ level