EURCAD DAILY TRADE PLAN
wave 5 projection is a retest of a former supply zone @ the 1.5700 area
Bullish Shark @ 382 fib ( although a shallow correction AO and 34 Stochastic has confirmed wave 3 complete. the guidelines of alternation suggest. that wave 4 to be slow and complex as wave 2 was sharp and simple)
Off the shark patterns are were you will find 5-0 patterns.
Although a deeper more complex wave 4 is expected a long position to the 5-0 PRZ could be taken with validation of the bullish shark .
Trade Plan:
On validation of the shark pattern long this pair.
Watch price action at the 5-0 PRZ for a possible price reversal and a more complex wave 4.
Bullish Shark @ 382 fib ( although a shallow correction AO and 34 Stochastic has confirmed wave 3 complete. the guidelines of alternation suggest. that wave 4 to be slow and complex as wave 2 was sharp and simple)
Off the shark patterns are were you will find 5-0 patterns.
Although a deeper more complex wave 4 is expected a long position to the 5-0 PRZ could be taken with validation of the bullish shark .
Trade Plan:
On validation of the shark pattern long this pair.
Watch price action at the 5-0 PRZ for a possible price reversal and a more complex wave 4.
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