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πŸ“Š EUR/CAD Elliott Wave Analysis πŸŒŠπŸ’Ή

Panjang
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OANDA:EURCAD   Euro / Dolar Kanada
Hey everyone! πŸ‘‹ Here's my latest chart on EUR/CAD, where I'm eyeing a potential long position based on Elliott Wave theory.

We can see a nice development of waves, culminating in a recently completed corrective wave (4). This setup leads us into an anticipated impulse wave (5). πŸš€ Based on Fibonacci projections, I'm targeting three key levels for potential profits:

1. The 0.618 Fibonacci extension at 1.48190.
2. The 1.000 Fibonacci extension at 1.48822.
3. The 1.618 Fibonacci extension at 1.49844. 🎯

These levels could serve as excellent points to consider taking profits if the market momentum supports the upward trend. πŸ“ˆ

Remember, always manage your risk properly. I suggest setting a stop loss just below the recent swing low to protect your position. πŸ›‘

πŸ” Let's keep a sharp eye on the market's movement, and happy trading! πŸ’Έ
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