ChrisMark
Short

$AUD vs $CAD Weekly Chart.Flat completed |#aud #cad #fx #aussie

FX:AUDCAD   Australian Dollar/Canadian Dollar
Traders,

Since 29.07.2013 AUDCAD             has been in a corrective regular flat pattern and has given us a 3-3-5 sequence till now, so expecting this correction to end for the last final wave which will probably unfold into a five-wave motive sequence to complete the A-B-C ZigZag pattern.
In the regular flat:
1 - Wave-(A) developed into a ZigZag internal structure 5-3-5, ending at 1.03500
2 - Wave-(B) developed into a Zig-Zag internal structure 5-3-5, ending at 0.91502 breaking (A) wave's origin by 16 pips.
3 - Wave-(C) developed into a 5-wave             ending diagonal motive structure, with a truncated 5th wave as it was unable to break iii             . wave's end. Patterns orthodox high slightly broke wave's (A) end, giving us a regular flat pattern.

First target is 0.85775 ( wave's low in the bigger ZigZag pattern) where many Fibonacci measurements cooperate, pointing a High-Probability reversal target.

Trade with discipline
Best
Thank you ChrisMark! This pair may have a triangle from 0.91687 where is targeting at 1.08-1.09 area, then crashing to 0.81-0.82 for completing a flat?
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