Elliott Wave Analysis: CADCHF Trading Within An Impulse
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On the Daily chart of CADCHF we are looking at a higher degree three wave rise, labeled as A-B-C, that is now specifically trading in the final wave C. If that is the case and the correction in wave B is over, then more upside may follow in weeks ahead. On the 4h chart we can see black wave i in final stages, as we can see pair trading within a corrective wave iv of (v). That said current corrective retracement may find a probable support and reversal zone near the 50.0 or 61.8 Fibonacci ratio, from where more upside may follow.
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