USD/CAD Elliot Wave (Update to Previous Chart)

Long

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)

OANDA:USDCAD U.S. Dollar / Canadian Dollar

waveanalysis usd_cad usd-cad elliotwaveanalysis

I posted an idea this morning that USD/CAD had more waves down to come to complete the larger C wave, however, spending a bit more time on it I believe the USD/CAD has bottomed and has completed a larger EW cycle and is heading up in a big way. I've plotted the first set of 5 waves up with the 5th wave an extension 2.618 of wave 4, from there a larger wave 2 could complete before a larger impulse wave up.

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