USDCAD: Long Term Elliot Wave Forecast

The overall structure I'm looking at sees price forming a WXY zigzag. After the current bullish momentum on the lower time frames, I'm expecting price to resume it's bearish trend all the way to the 1.8000 region to complete wave X on the micro degree. Following the completion of wave X, I'm expecting further upside momentum towards wave Y. We'll then have a complete zigzag pattern on the weekly chart.