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EUR/CAD: Elliottwave Structure calling for another low after bounce

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 5, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Short term Elliott Wave view suggests decline to 1.4439 ended wave (w) and bounce to 1.4668 ended wave (x) as a FLAT. Pair has since resumed in wave (y) lower with the internals unfolding as a triple three, where wave w ended at 1.4374, wave x ended at 1.455, wave y ended at 1.4247, and second wave x bounce is in progress towards 1.44 – 1.4437 area before turning lower again. As far as wave (x) pivot at 1.467 stays intact, once the bounce is complete, pair is expected to resume the extension

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