Bleck

On its way to 1.30 ???

FX:EURCAD   Euro Fx/Canadian Dollar
20 0 6
After an initial 5 waves move down in the beginning of the year we had a large complex sideway consolidation (possibly a triple zigzag ) for most of the last 6 months. This correction seems over to me and I am now looking at smaller time frame to enter on the short side ! Another 5 waves down should come all the way down to the 1.30 area. This move from the high of November could represent the first leg which mean a pull back is coming now ( wave 2). It is then Wave 3 that one should look to catch ! Good luck
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