Yesterday the bearish movement of EURCAD took us to an even more interesting and noteworthy area.
A new low was reached, but without triggering any buy signals on the MCS, even though the channel has really narrowed a lot.
I think the signal is close, and maybe reaching a new low at 1.4052 is a good entry point, but we still don't set any buy limit, we wait for the definitive signal on the MCS.
We are still in perfect timing with the new annual cycle.
A new low was reached, but without triggering any buy signals on the MCS, even though the channel has really narrowed a lot.
I think the signal is close, and maybe reaching a new low at 1.4052 is a good entry point, but we still don't set any buy limit, we wait for the definitive signal on the MCS.
We are still in perfect timing with the new annual cycle.
TheCyclicalTrading.com