EURCAD Long

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.

Yorum:

Stop loss: 1.4265
Target : TBD

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