Hellow, fellow traders!
My previous EURCAD idea suggested that the market was doing a zig-zag correction.
Instead, the correction has extended to a complex one.
Now it looks like we have completed wave B of wave Y.
Wave B was most likely a flat.
Now we should see a drop lower towards 1.43/41. After that we should see a wave XX correction or a continuation of the long-term uptrend.
For now, I’m short against 1.4950 invalidation level.