eurcad -- alternate view of correction

FX:EURCAD   Euro / Canadian Dollar
11 0 4
The triangle correction (see last post) is not working out, but I can see a more likely view of the correction, which anticipates a long move on the very next low. The assumption is that price has already made a low, for (Y), and that the move since then has been a correction of that spke             up. Basically the buy range is in the highlighted area. I will reassess if it fails to reach that low. See attached chart for a larger view of the month-long correction.
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