Pinpointing the end of wave ii of wave [C] or black circle wave 3 up, has been painfull, but I'm sure we saw the end yesterday with the test of 103.64. We should soon see the powerfull wave iii up from here.
Please also note the distinct Shoulder/Head/Shoulder bottom, which has formed since August. This formation will be triggerede upon a break above the neckline near 107.
Target for this formation will be near 114.55.
Buy USD ag CAD here with a stop just below 103.64, which would be a low risk trade (1.2% risk).
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