This is a flow-up on this idea
On the bigger time frames I'm looking for the CADCHF to complete a Double zigzag
and the EURCAD to complete a 11-swing correction. Those market should then turn.
But on the lower time frames, we can see that there should bee more downside.
The 4:th wave correction targets equal legs at .8360.
The 5:th wave targets .8170 which is the .382fib from the 2011 low to the 2012 high.
After that we could see a larger bull trend in this pair.
On the bigger time frames I'm looking for the CADCHF to complete a Double zigzag
and the EURCAD to complete a 11-swing correction. Those market should then turn.
But on the lower time frames, we can see that there should bee more downside.
The 4:th wave correction targets equal legs at .8360.
The 5:th wave targets .8170 which is the .382fib from the 2011 low to the 2012 high.
After that we could see a larger bull trend in this pair.