EURCAD Chart 2

EURCAD - Potential Big Swing Trade - Long

EURCAD - Potential Big Swing Trade - Long by DanV on TradingView.com

21 October 2014

Updates and comments

EUR has been written off by many. But I am not sure about that. May be it is CAD in real trouble or may be EUR might have trick up it's sleeve, or may be bit of both.

But leaving bias aside and preconceived ideas, I smell a massive swing trade to the long side with potential upside target in the range of 1.61 as it continue to carve out what looks to be a large ending diagonal or Falling Wedge.

Almost inverse of CADCHF.

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