EURCAD .. More dips before we get to see buyers emerging...
EURCAD ...
Looking up on daily & 8 hr; gets a feeling a move to 406X or around is right around the corner..
Extended supp runs as low as 100 pips lower to 396X-7X..
For now 406X likely coming into play and rather sooner with buyers likely to emerge to it. The lvl comes in as a channel base and can see price propping back towards 1.44 handle.
Overall picture is bearish for a possible H&S pattern looms on the pair..
i.imgur.com/i8E9cd2.png
EURCAD - Daily - 50XX break pretty much wanting to make the full tgt run to around mid 40XX
i.imgur.com/MK4aROg.png
i.imgur.com/4dgnA7Y.png
EURCAD 8 hr - Similar view with extended down to previous low print or 3960-7X
i.imgur.com/kSev6jJ.png
EURCAD - Daily - Possible massive H&S
i.imgur.com/J6sqRMg.png
EURCAD - 4 hr - Current channel play - Bearish channel
Looking up on daily & 8 hr; gets a feeling a move to 406X or around is right around the corner..
Extended supp runs as low as 100 pips lower to 396X-7X..
For now 406X likely coming into play and rather sooner with buyers likely to emerge to it. The lvl comes in as a channel base and can see price propping back towards 1.44 handle.
Overall picture is bearish for a possible H&S pattern looms on the pair..
i.imgur.com/i8E9cd2.png
EURCAD - Daily - 50XX break pretty much wanting to make the full tgt run to around mid 40XX
i.imgur.com/MK4aROg.png
i.imgur.com/4dgnA7Y.png
EURCAD 8 hr - Similar view with extended down to previous low print or 3960-7X
i.imgur.com/kSev6jJ.png
EURCAD - Daily - Possible massive H&S
i.imgur.com/J6sqRMg.png
EURCAD - 4 hr - Current channel play - Bearish channel