Very rare occasion where an AB-CD pattern is directly attached to a 5-0 pattern. Both patterns show strong bullish trend , but might also show a potential reversal. At least a retracement will certainly occur. 3 targets.
Quite right.. Weekly candlestick also has a gravestone doji right at the too of the rally, so a correction is definitely on the cards... Looks like there is some short term strength in CAD as usdcad is also due for a small correction, so combined with euro weakness for the moment, shorts should be a good play. The target level of 1.388 also looks like a reversal to go long