On the EURCAD we are observing a nice impulsive decline taking part as black wave 1, that can be in final stages as four sub-waves of five are already visible. As such we can expect one more push to the downside to follow as sub-wave v-circled. After this final leg takes place the pair could face a temporary correction in wave 2. A decisive break beneath the 1.4589 level could prove to be a nice confirmation, that lower levels will follow.
FOREX, US Single STOCKS, CRYPTO
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FOREX, US Single STOCKS, CRYPTO
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.