EURCAD update

16 Kas 2016

EURCAD is moving lower in an impulse and we simply have to wait for consolidations before selling the continuation. It is very likely that price will show a response to previous lows for either wave '5' or 'b'. I wouldn't advise to buy from those levels (or it is on lower time frames for scalpers after an impulse/consolidation of lesser degree) but wait for a consolidation to mature.

Updates will follow

23 Kas 2016

Not

Short term buy opportunity after at least another corrective leg lower.

23 Kas 2016

Not

24 Kas 2016

Not

The bullish move we were looking for looks corrective and it might only be a wave A which means we should anticipate another leg higher. On the other hand this might be all, in that case a bearish impulse will follow. The arrows show both scenario's and after a consolidation we can trade the continuation.