EURCAD is forming a downtrend channel.
Price is establishing a final sub-wave 5 of wave (5).
In my previous idea, I have mentioned that, If the price breaks down channel C, the following targets for Wave 5 will be 1.4313 – 1.42520 – 1.41652- 1.41156.
Price reached all the targets of wave (5).
Click Here to Read previous article.
Currently, the price is heaving correction, but safe traders can enter after the breakout of the C channel.
After making wave (5), if the price breaks the B channel, it can go for 1.4377 – 1.4466 – 1.4569 – 1.4645+. And Price will start a new 5-wave impulse structure. Invalidation is available for premium subscribers.
Please note that without a breakout, trend changes may not be possible.
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Thank you! This is a masterpiece of wave principle.
I have made a crazy profit from your counts.