0505 P6/8 EURCAD The idea of begining of 3rd wave is working

Only on the monthly left chart you could find out some clue that this pair has been trying so hard to make its new wave up in the last 4 month. And this new 3rd wave is getting more and more support now which has a swing of 1200 on monthly chart.

On right weekly chart, should be more conservative that only to see 500 pips max to go up with .

So the plan is to follow the main trend on monthly chart and look for a new entry to do so next week.

Less is more!

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So the plan is to look for a new entry to buy next week.