EURCAD Setting Up For A Short

24 Tem 2018

The larger time frame suggests that there is more downside to come on EURCAD. The current corrective structure has broken and I await the break of the smaller flag formation. This could come in the form of 3 or 5 waves as indicated.

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Happy trading!
Linton

25 Tem 2018

Not

Price is nearing the target level of the end of wave 4. When it reaches that point, we will need to see whether the break is confirmed or whether there will be one more move up before the break.

25 Tem 2018

Not

The break of the structure has been confirmed. I will wait for an entry trigger to confirm the short. A key area of demand to watch will be 1.5290

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