EUR/CAD: A Bullish Case (800+ Pips Potential)

15 Haz 2021

EUR/CAD is setting up for a move to the upside to complete Wave (C) of Y as the current Elliott Wave structure suggests Wave V of (C) of X has completed.

• The target for Wave Y is at 1.56427, which is 61.80% of Wave W.
  
• A break below 1.42640 will invalidate this setup and we'll look to reevaluate the wave count.
  
• If EUR/CAD breaks above 1.48410, this would give us an early confirmation of the expected move to the upside allowing us to move our suggested stop-loss to 1.45826.
  

Thank you for reading, let us know your thoughts in the comments. Feedback is appreciated.

Cheers!