EURCAD has already done everything to turn around, but another high tomorrow is not out of the question.
Therefore I set the sell zone between 1.49910 & 1.50532.
--- Confirmation for falling prices:
1. Daily close below 1.49531
2. Weekly close below 1.48756
--- The red path applies as long as EURCAD does not close below 1.48756, on a weekly basis. Then there is a possibility that it will run a little higher in May to form the B wave.
--- The blue path shows that the second condition is met.
--- This scenario would be off the table if 1.51145 were surpassed at month-end next month.
Therefore I set the sell zone between 1.49910 & 1.50532.
--- Confirmation for falling prices:
1. Daily close below 1.49531
2. Weekly close below 1.48756
--- The red path applies as long as EURCAD does not close below 1.48756, on a weekly basis. Then there is a possibility that it will run a little higher in May to form the B wave.
--- The blue path shows that the second condition is met.
--- This scenario would be off the table if 1.51145 were surpassed at month-end next month.
Comment:
2.00% Extension from ABC
Comment:
If Daily closes below 1.4686 then it will go down to 1.46277 & possibly 1.4580 i.e. 2% FIB of AB.
1.45496 serves as initial support, but would also come later.
1.45496 serves as initial support, but would also come later.
Comment:
EURCAD - PEPPERSTONE
As long as EURCAD does not close and stay above 1.5181, all lower lines are considered targets.
But even if it breaks above 1.52 in the short term, it will still achieve the same targets, just with some time lag.
As long as EURCAD does not close and stay above 1.5181, all lower lines are considered targets.
But even if it breaks above 1.52 in the short term, it will still achieve the same targets, just with some time lag.
Comment:
Since I'm not getting enough feedback and support from my followers, I'm taking a break from posting.
For this reason I will invest my time more wisely.
Until further notice, here is my latest update.
All targets have been achieved.
For this reason I will invest my time more wisely.
Until further notice, here is my latest update.
All targets have been achieved.