GWaves

$EURCAD | Gwaves Detected | Target Area Defined

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GWaves ที่อัปเดต:   
FX:EURCAD   ยูโร / ดอลลาร์แคนนาดา
Hello Traders, Friends, and others,

EURCAD has struck a force field in the Gwave world that will send price tumbling down towards the Target Area (green). This is more of an observational trade.

Best,
Sirak Babayan
ความคิดเห็น:
If you enjoy the Gwave World. You can follow it(me) at the links below. Apart from charts, I say cool things sometimes.

Facebook: www.facebook.com/GWavesOfficial
Twitter: twitter.com/GWaveOfficial
Stocktwits: stocktwits.com/GWaves
ความคิดเห็น:
Zooming in to the H4 chart we can see how price remains subdued to the Red G wave. I is as if this circular level has a magnetic field around it that constantly pushes price away from it.


More updates to come as they develop.
ความคิดเห็น:
Update: As price continues to want to push higher, it is rejected by the strong field it is bound to (red line). At this point I'd look for price to continue to test this level and make lower lows eventually reaching its Target Area defined in the chart.

ความคิดเห็น:
Update: EURCAD at a crossroad.

ความคิดเห็น:
Update: EURCAD tested the hidden support level mentioned in the previous update and has now broken out of and tested its overhead resistance. At this point we must look to the next level of Resistance highlighted by the outer most wave.


This does not necessarily invalidate the original idea of a short, but it does give us the potential of changing the original target. Updates will come as this chart develops.
ความคิดเห็น:
Price reached level of resistance. A fall from here is likely, a destination is to be determined.

ความคิดเห็น:
Since you asked for it. Here is the target.

ความคิดเห็น:
Update: The exact target above was not hit, however, once price hit the Gwave support level it sprung up. Now we face resistance. A breakout of this current resistance level will be very bullish.

ความคิดเห็น:
ความคิดเห็น:
Target hit. Expect rally to occur from this point.

ความคิดเห็น:
Since the last update Resistance has clearly been made and price has stayed on track on its way to the "Target Area"

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