Elliot Wave: AUDCAD Heading Higher In Wave iii of 5.

AUDCAD reversed from the demand zone and completed a 5-3 wave cycle.
According to Elliot Wave theory, once a 5-3 wave cycle is completed, the market will resume in the direction of the trend!

The corrective wave unfolded has a w-x-y double zigzag in wave ii and already fulfilled the minimum requirements. Price has the potential to move higher in wave iii of 5.

Entry Ideas!

• The green lines are the confirmation level for the bulls.
  
• The red line is the invalidation zone.
  

What's your view on AUDCAD? Let me know in the comment.