EUR/CAD will go For Correction Wave
we have two scenario
First scenario: price will pull-back for correction wave and create higher low at black arrow or between 50:61 fibo level , so u can go short now and take any target or when confirming higher low in H4
second scenario: price will break current resistance area green arrow may be powered by news for CAD that will price to go up and we can go long and take any target
i personally prefer to go with low lot with first scenario and go with high lot with second scenario because second is walking with general up trend but i can take a trade with correction wave
have fun :)
First scenario: price will pull-back for correction wave and create higher low at black arrow or between 50:61 fibo level , so u can go short now and take any target or when confirming higher low in H4
second scenario: price will break current resistance area green arrow may be powered by news for CAD that will price to go up and we can go long and take any target
i personally prefer to go with low lot with first scenario and go with high lot with second scenario because second is walking with general up trend but i can take a trade with correction wave
have fun :)
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