EURCAD Long Long

Euro Fx/Canadian DollarFXCM

Description

⋅ Sep 5, 2016 8:37 PM

Support is building around the 1.44 level + a possible ABC correction following a potential wave 1 breakout.

This is also correlated with USOIL wave B top which could bring the commodity down for a last C wave.

Comment

⋅ Sep 5, 2016 8:38 PM

Stop loss: 1.4265
Target : TBD

Alternative scenario : if the previous support breaks, wait for retracement then sell down to the 1.4 level.