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Euro / Canadian Dollar
Short

EURCAD Short: More Downside Ahead

By glennmercer
Updated
EURCAD has shown bearish impulse and strong actionary wave structure to the downside. Wave count suggests more downside to come. AB=CD level makes for a good target. Stop-out level will mean higher bullish correction and we will look for a selling opportunity up there. If not, ride this one down!
Trade active
Looking for some sweet, sweet resistance here
snapshot
Trade closed: stop reached
We didn't get that final actionary push I was looking for, invalidated above stop level. I'm out until further analysis. Good Luck!
glennmercer
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