My projection for EJ movement this week
With the covid news on Australia I see this downtrend accelerating
Go's without saying this is only a prediction
Should be a quick buy tonight when the markets open.
Wait for the wave forms and buy in the circle
Personally would not be looking to trade this one next week as its moving very sideways but a setup for me would be selling in the circle if all plays out as shown
Wait for the wave-forms to play out as shown and sell in the purple circle.
Sell in the purple circles after the marked wave-forms occur. Take profits and stop losses shown to the right.
USDCAD has approached the supply zone, faked out and pulled back down, completed a slight retrace upwards before beginning to push down again. Shorts down to 1.342 should be high probability trades