EURCAD DAILY TRADE PLAN
wave 5 projection is a retest of a former supply zone @ the 1.5700 area
Bullish Shark @ 382 fib ( although a shallow correction AO and 34 Stochastic has confirmed wave 3 complete. the guidelines of alternation suggest. that wave 4 to be slow and complex as wave 2 was sharp and simple)
Off the shark patterns are were you will find 5-0 patterns.
Although a deeper more complex wave 4 is expected a long position to the 5-0 PRZ could be taken with validation of the bullish shark .
Trade Plan:
On validation of the shark pattern long this pair.
Watch price action at the 5-0 PRZ for a possible price reversal and a more complex wave 4.
Bullish Shark @ 382 fib ( although a shallow correction AO and 34 Stochastic has confirmed wave 3 complete. the guidelines of alternation suggest. that wave 4 to be slow and complex as wave 2 was sharp and simple)
Off the shark patterns are were you will find 5-0 patterns.
Although a deeper more complex wave 4 is expected a long position to the 5-0 PRZ could be taken with validation of the bullish shark .
Trade Plan:
On validation of the shark pattern long this pair.
Watch price action at the 5-0 PRZ for a possible price reversal and a more complex wave 4.
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.