So here's my best guess at a long term count for CADUSD.
I think it is forming the last leg of a long term (supercycle?) WXYZ which will test the lows and find the lower fib range.
I've left the 1:1 fib there taken from pivots 0 W X and with some overshoot Y bounces in that area. Due to this it seems very likely Z will find the 1.618 @ 0.59.
It may remain in the pitchfork or drift into some minor bounces, but either way i think the target gets hit and who knows might go a fair bit lower - we'll see.
Not advice.
I think it is forming the last leg of a long term (supercycle?) WXYZ which will test the lows and find the lower fib range.
I've left the 1:1 fib there taken from pivots 0 W X and with some overshoot Y bounces in that area. Due to this it seems very likely Z will find the 1.618 @ 0.59.
It may remain in the pitchfork or drift into some minor bounces, but either way i think the target gets hit and who knows might go a fair bit lower - we'll see.
Not advice.
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