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ELWave

EURCADF moving down

Short
Euro / Canadian Dollar (OANDA:EURCAD)  
ELWave Updated   
OANDA:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis
1
0
trendanalysis chartpattern waveanalysis
See the PRZ on chart.
Trade active:
The correction turned to be a triple zigzag heading towards 1.5188, the 50% retracement of the large down swing from 1.5580. The is the level we expect the pair to reverse if it actually reached there.
Comment:
The correction cycle looks mature and the pair is descending from 50% fibo retracement.
Comment:
We look forward to see 1.4950 area
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