I am watching eurcad as that is my fav pair to swing trade.
It is very volatile right now , indicating that a top might be in on the 4 hour charts . This pair is typically not this volatile.
If this pair drops and eur gets weaker , then sure euraud will work as well.
However right now the AUDUSD is getting no love and with commodities dropping aud , cad are not going to get any stronger. i will keep and eye on euraud on a 4 hour and see if we get any sign of reversal in the coming days and will let you know if I see anything.
Right now I am bullish on eurcad , however am keeping a close eye on this voltility at the top of the last wave as i see this as bearish action.
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On the daily chart I have a target of 1.5920, but it does seem very bullish, is there any level in particular you are looking for reversal. Thanks in advance. Good trades
It is very volatile right now , indicating that a top might be in on the 4 hour charts . This pair is typically not this volatile.
If this pair drops and eur gets weaker , then sure euraud will work as well.
However right now the AUDUSD is getting no love and with commodities dropping aud , cad are not going to get any stronger. i will keep and eye on euraud on a 4 hour and see if we get any sign of reversal in the coming days and will let you know if I see anything.
Right now I am bullish on eurcad , however am keeping a close eye on this voltility at the top of the last wave as i see this as bearish action.
__________________________________________
On the daily chart I have a target of 1.5920, but it does seem very bullish, is there any level in particular you are looking for reversal. Thanks in advance. Good trades