thread: EUR/CAD

Apparently it's not going far. . .lol. . .false breakout. . I guess trigger CAD is appearing bearish again

. . Don't ask me why I ended up with just 20 pips

regardless of how I rely I do not get a bullish wave count collectively so what I think of is bearish again...

edit: added another one with an intermittent correction but also bearish

maybe a much better wave count as as a diagonal ending. . .but still short term bearish... rsi indicates no clear direction also. . .the supported rsi high from february 27 hints for new highs above 1.348 but before that can occurs wave 5 needs to finish lower but probably not any new low

the rally unfolded well in a 5 wave pattern design so far

currently in possible wave 5, the stochs have entered oversold land on 1h, 4h and daily. . .so a correction could be near..potential PTZ is marked in grey

EURCAD is one of my favourite pairs this year..reliable and easy to trade with big profit potentials. . There were at least 6 stable moves of over 300 pips annually, all in all with a profit potential of 2000 pips in 3 month. . I just got 600 pips of it better than watching the endless ranging EURCHF and expecting to get an intervention. .lol. .

I truly don't understand why this thread is so empty

the next opportunity to get a 300 pips rally might be waiting here

EURCAD weekly overview

following the finished 5 tide sequence down (which is truncated cause of this extreme length of wave 3) we're presently in the middle of an ABC correction that probably is developing to a wave D of an ABCDE correction or to a wave 1 of a new 5 tide tendency continuation down. .

Rsi is hinting for a new low so that it's highly possible we break the very first trend line and travel to the next one down. . .this may be forced by a new low in CAD or further Euro weakness...

eurcad coming the lower bottom line, divergence at rsi....as cad is looking for a temporary bottom around .98 also and euro weakness ought to be restricted to 1.3 this could be a good buy opportunity after the lows are taken out, possibly around 1.286

http://www.smileygarden.de

eurcad approaching the reduced bottom line, divergence in rsi....as cad is searching for a temporary underside around .98 also and euro weakness ought to be restricted to 1.3 this might be a good buy opportunity after the lows are taken out, maybe around 1.286

http://www.smileygarden.de

there it goes without me http://www.smileygarden.de

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