saeed_7676

EURCAD , 5th Wave On W1

Long
OANDA:EURCAD   Euro / Canadian Dollar

Hi everyone ,

In EURCAD weekly timefram we can see that price is in a upward channel and it didn't touch the top of our channel,
So we expect, that for one more time price should come in the long position and goes up.

As you can see my wave analysis i believe that 4th wave had been stopped just above 0.618 of the 3rd wave ,where the last correction of 4th wave (e) finished.

NOW , in my opinion EURCAD has been started the 5th wave and it's gonna become upward for a long time .
Cheers up the fifth wave .

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