CADCHF SWING TRADE

THEORY

This is an impulse move of the Daily timeframe, Wave 3 having been extended and completed.

Wave 4 zone A retracement at 0.38 of the impulse move
Wave 4 zone B retracement at 100% of wave A corrective lower timeframe
WAVE 4 zone C wave count (3 wave internal structure) 5 WAVE DONE


CONCLUSION

THE CURRENT PATTERN IS A RUNNING FLAT WHICH HAPPENS TO BE COMPLETE,
A STRONG WAVE FIVE TO THE UPSIDE SHOULD BE EXPECTED, CONSIDERING THAT THE PREVIOUS IMPULSE MOVE WAS AN EXTENDED WAVE 3. WAVE 5 TARGET ZONE SHOULD BE 100% EXTENTION