thread: EUR/CAD

Nice fall of this lady, crazy spike with 1m complete body using canada news on friday, and 400 pips drops in the powerfull week candle last week, even lot of fun and pain awaiting this week, very interesting we'll see what happens at these reduced levels

I am currently scalping this wonderful pair everyday, very trending and less acrazy as gbp/cad go volatile tan usd/cad

quote The top to a trade whatever it's. Reversal is confirmed, is not it?

Not exactly a change, but continuation of short term descending trend looks imminent...

Patience has become the requirement with this pair for the last month or so, watching it forming a terminal pattern of a horizontal contracting ED on the [v]th wave, forming multiple bottoms near the supposed target for change - character's at work.
Is it worth waiting? It's amassing for the momentum of upswing. It's a matter of when will it happen. A buy stop above present price and leave it all alone?

Patience has been the requirement for this pair for the past month or so, observing it forming a terminal pattern of a flat contracting ED on the [v]th wave, forming a number of bottoms close to the supposed goal for reversal - character's in the office. Is it worth waiting? Trading wise, it's accumulating for the momentum of upswing. It's a matter of when will it happen. A buy stop above present price and leave it all alone? image

I believe you are right.
Both tf's looking to breakdown

that I feel that the termination of wave (4) has eventually evolved into a truncated or failed wave (v) down, and starting its advance on the (5). Thus, a fresh and legitimate (2)-(4) bottom channel can be drawn.

Wonder what Poloz has to say time.

H4 candle busting above Bollinger Band (believe upper wick even tagged 3 standard deviations) 20 period.

wish me luck

wish me luck picture

quote Picture

Sufficient

Legging into a short place....based on recent data, including today's fomc rhetoric. . .and china/usd chart.