EURCAD Price Trades In A Zig-Zag Correction

Price is in the first two phases of an impulse move, it would be wise to wait for the wave 2 completion before considering the rally as wave 3,4 and 5. Wave 2 in this case its a Zig-Zag Correction expecting it to reach onto the 78,6 Fibonacci level. If price does definitely reach that level that would offer great entry points for wave 3 rally.