So 2nd entry never activated but 1st Entry did which was the .786 (1.54563) mark on the Fibonacci.
Currently went up 56 pips and now creating a new second entry to continue further up to the TP goal of 1.5640 completing the 5th wave.
2nd entry could possibly be somewhere between 1.54925 & 1.54857
EURCAD has been all of over the Elliott wave, moving very cleanly.
At the moment it looks like the 4th point has either reached or will be reached in the 1.5456 (.786 FIB) - 1.5443 area
Currently got two entries in that area with only a 50 pip SL hoping to catch it on the way up to the 5th point of the wave.
Hope you enjoy my analysis!
GJ faked out a lot people when we're expecting a short but analyzing the chart further it looks to be aiming for the 2020 High to complete the double bottom on the Monthly timeframe.
I'll wait for the retest on the daily time frame before taking entry.
