Here is the update from Yesterday's post ...............
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After yesterday's strong break-out ,
- Price action now pulling back into a " End of wave 4 "
The USD-Canadian Dollar pair is posturing out of Multi-Year -lows .
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Again , the technicals are in control here ..........
The foundation was laid down last week from short-covering ......
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Talk about a market breaking out ............ This one is looking like a classic
Today's price decline looks like a and " End of Wave C " from this view...
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- A break below 0300 could lead to lower prices ............
Here is the Canadian Dollar Update for today
( We had a another spike overnight )
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Here is the Euro ............Looking for a " Wave 3 Low "
(Price Action )
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There is some over-head resistance at 4650 ............
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Price Entry now triggered
Price Entry........... 4620 Limit
Protective Stop .........4646
Targets ........ See charts below