traderWgun

Expecting a decent bounce soon

FX:AUDCAD   Australian Dollar/Canadian Dollar
164 1 2
This pair topped out in February 2012 and has been declining since.
We got an impulsive wave (1) and a flat wave (2).
Wave (3) was also an impulsive movement and then we got a zigzag
correction wave (4).

Now we got an overlapping and slow price action
which looks like an ending diagonal .

Alternative we are within a flat
snapshot

Stay tuned for more update regarding the EURAUD             .

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Good luck!
snapshot


Looks like a wave B/2 Triangle. Stops still at 1.539
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