EURCAD – D1 – xabc pattern
Euro Fx/Canadian Dollar FX:EURCAD
I can see that price has been bearish from the top at about 1.615€ …
Now that price seems to have pulled back at 50% around 1.556€ at the beginning of last week.
Price actually ended up last Friday with a nice tail around 1.532€ at a nice support /resistance
Which tells me that price may be ready to go further down forming a nice XABCD pattern.
price has been ranging today (another slow monday) … and we’ve got some big new this week
pattern + bearish trend + fibo level .