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EURCAD ABCD Pattern
EURCAD finally completed ABCD pattern in daily timeframe: I expect it now to retrace a little bit and the target would be 1.3600 at 38.2 fibo retracement, but the Flag pattern indicates that the pair might fall to 1.3200. You can have a review on my last tutorial for Flags and Pennants here. I will wait for price action here to go long with tight stop and 1.3420 would be my profit target. Wait for a H4 candle to close beyond 1.3373 and then go long with stop at 1.3352 and 1.3400 and 1.3420 targets for it. If we had a bearish H4 candle that closed around 1.3300 then I will go short to see 1.3200 level. I have to ... (full story)
