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SunnyHillCapital

EUR/CAD: A Bullish Case (800+ Pips Potential)

Long
Euro / Canadian Dollar (OANDA:EURCAD)  
SunnyHillCapital  
OANDA:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis
12
9
trendanalysis chartpattern waveanalysis
EUR/CAD is setting up for a move to the upside to complete Wave (C) of Y as the current Elliott Wave structure suggests Wave V of (C) of X has completed.

  • The target for Wave Y is at 1.56427, which is 61.80% of Wave W.
  • A break below 1.42640 will invalidate this setup and we'll look to reevaluate the wave count.
  • If EUR/CAD breaks above 1.48410, this would give us an early confirmation of the expected move to the upside allowing us to move our suggested stop-loss to 1.45826.

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