EURCAD Set a Stage for a Short-term Rally
EURCAD is making a triple zigzag corrective pattern. A three-wave rally is expected in wave (z) to complete the corrective structure.
Bullish price actions from the confluence level comprising of ascending channel and support zone further confirm that wave (x) of the triple zigzag might have bottomed and wave (z) rally has resumed.
I will wait for the price to breach the confirmation level for conservative entry and target the upper channel for take profit.
What's your view on EURCAD?
Bullish price actions from the confluence level comprising of ascending channel and support zone further confirm that wave (x) of the triple zigzag might have bottomed and wave (z) rally has resumed.
I will wait for the price to breach the confirmation level for conservative entry and target the upper channel for take profit.
What's your view on EURCAD?
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.