The CADCHF has just completed a zigzag correction which retested a swing level that lined up with 50.0 Fib ratio and descending trendline. . The correction which is most likely wave (b) of Y of double zigzag pattern signals the continuation of the downtrend in the wave (c) of Y. . Considering that traditional technical analysis agrees with Elliot Wave analysis we now have solid evidence to go short on this pair. . The target for this setup is the support 0.73333 that's between 61.8 and 100% FE of wave (a) of Y. . Best of luck on the chart! Veejahbee.