EURCAD Long Trade Setup

28 בספט׳ 2021

It seems like a running flat is in the making between the green lines. If so, we should get an upward impulse for the completion of the wave B. That's why I'm looking for long trade setups. As you can see, my expectation is more downside first because we have a nice Fib confluence around 1.47050 between 0.886 of the green A and 1.272 of the blue A. That being said, we can have a reversal immediately. After this point, whenever I see a trade setup, I'll place a pending order.