EUR pairs have taken a beating lately. NFP tomorrow may give it the right kick to reverse to the upside!!
For EURCAD NFP News tomorrow could rocket price up and ignore the shoulder or we could expect resistance before the break back up to complete the right shoulder, respecting the trend.
Remember to trade your plan www.babypips.com
Follow @Bizlus
We've probed this trade a bit when it didn't find 50EMA support -
LONG CYPHER?
Point B formed when price retraced XC and closed past 0.382 & closed before 0.618
Point C formed when price extended XC and closed past 1.272 but not beyond 1.414
We have a valid CYPHER if point retraced XC down to the 0.786 region, in which case...
Limit order at at ~ NZD...
//Recommended Risk Ratio : %2 Max
WHAT YOU THINK?
==> I AGREE: Hit Thumbsup :)
==> OTHER THOUGHTS?: Kindly comment so we analyze together :)
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
May Wheat is forming a bearish flag. Could fall into Cypher extension heading for a double bottom. Looking for confirmation of a start near centre of the flag downwards and continues downwards. RSI still trending downwards
