Elliott Wave Analysis: EURCAD Trading In Final Wave Five; A Reversal May Be Near

Gregor Horvat Wavetraders

EURCAD may have just found a base of wave iv) around the 1.4560 region, from where a sharp bounce followed. This bounce may now be sub-wave v) of five, with still more upside to go. But beware, we are following a five wave impulse to the upside, and next reversal may unfold as a higher degree three wave decline.

EURCAD, 1H

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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