EURCAD setting up for impulse higher
For my previous posts and context see link below:
Short term we might see a continuation of the current bearish move within the corrective combination on 4hr time frame.
The 1 hour time frame will give us the first sign whether or not the consolidation is ending. Comparable to USDCAD I like to see a first impulse higher of lesser degree and then start buying EURCAD. We have to keep in mind that EURCAD might test 1.4250 first and that's why I'm careful. A corrective combination can take relatively long and I have to determine whether it has finished first.
timstuyts.com
facebook.com/timstuyts
youtube.com/watch?v=HvmWTm4fcl8
Short term we might see a continuation of the current bearish move within the corrective combination on 4hr time frame.
The 1 hour time frame will give us the first sign whether or not the consolidation is ending. Comparable to USDCAD I like to see a first impulse higher of lesser degree and then start buying EURCAD. We have to keep in mind that EURCAD might test 1.4250 first and that's why I'm careful. A corrective combination can take relatively long and I have to determine whether it has finished first.
timstuyts.com
facebook.com/timstuyts
youtube.com/watch?v=HvmWTm4fcl8
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