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
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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.