CME:6C1!   CANADIAN DOLLAR FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
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6C recently completed a 5 wave impulse down then sharply retraced almost back to the large POC .

Expecting it to build a base for a while before making another large move like it did at the end of the 5th wave.

The fact that it's right next to the point of control makes that a likely next target, and if it gets sucked into the value area convincingly then it would make sense for it to try for the value area high.

The value area low might provide good support.

Overall kind of bullish but the value area low support at 0.74260 is pretty far away. If it goes there it could be a good buying entry.

Is too close to the POC right now to be a good swing trade.

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