EURCAD Setting Up For A Short
The larger time frame suggests that there is more downside to come on EURCAD. The current corrective structure has broken and I await the break of the smaller flag formation. This could come in the form of 3 or 5 waves as indicated.
Contact me via direct message for any assistance required
Happy trading!
Linton
Contact me via direct message for any assistance required
Happy trading!
Linton
Note
Price is nearing the target level of the end of wave 4. When it reaches that point, we will need to see whether the break is confirmed or whether there will be one more move up before the break.Note
The break of the structure has been confirmed. I will wait for an entry trigger to confirm the short. A key area of demand to watch will be 1.5290Contact me via direct message for more information
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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.