eurcad -- bullish, one more low needed

١٩ يوليو ٢٠١٦

After weeks of gyrations, I think it looks most likely as a triple-three (WXYXZ), with one more low before a sharp turn higher. The moves since Brexit have been in 3s up and down. If this is correct, watch for a spike lower on ECB news this Thursday. Risk is definited as 1.418x. Alternatively the low is in already. I am not bearish here.