EURCAD: Sentiments Are Short-Term Bearish, But...

EURCAD has completed corrective wave 4, and if the price breaks the parallel channel C, it may make a new low, which should be impulsive sub-wave 5 of wave (5).

If price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156.

After making wave (5), if the price breaks the B channel, it can go for 1.4645 and start a new 5-wave impulse structure.

Please note that the Breakout of wave (4) indicates a strong bull trend.

If the price breaks the channel without a downward, it indicates truncated 5th.
I will upload intraday chart for further information soon.

Comment:

First target of 1.4313 reached.

Comment:

Second Target of 1.42520 has reached

Comment:

Third Target of 1.41652- has reached

Comment:

Final Target of 1.41156. has reached

Trade closed: target reached:

EURCAD: All Targets Done