GWaves

$EURCAD | Geo & AB=CD Pattern | Targets Defined

FX:EURCAD   Euro / Kanadischer Dollar
Hello Traders,

I have a larger time frame analysis of EURCAD             (related link) that shows an overall bearish move looming in the horizon. Nonetheless, this is a great set up for a bullish move to the upside followed by a reversal back down.

The level I am paying most attention to is point D of the AB=CD pattern. I am looking for this pattern to complete the full AB=CD pattern and may even pass it in order to hit 5'.

Overall, look for a quick bullish move to the upside followed by a stronger move to the downside. Updates to be posted as they come along.

Stay tuned,
Chartistry
Kommentar: $EURCAD fell short of TG-1, but it true Wolfe Wave/Geo' fashion hit Geo's off-set rule with force. 1-4 target line still remains.



Best,
Chartistry
Kommentar:

1-4 Line hit.
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