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EURCAD: More downside after bounce

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Best reading of the cycle in the short term suggests decline to 1.454 ended wave (w). Wave (x) bounce is unfolding as a double three structure where wave (w) ended at 1.476, wave (x) ended at 1.461, and wave (y) of (x) is proposed complete at 1.49. Near term, wave (w) low is proposed complete at 1.46 as a FLAT, and wave (x) bounce is in progress towards 1.475 – 1.478 area before turning lower. While wave (x) bounce fails below 1.49, or more importantly as far as pivot at 1.516 stays intact,

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