GBPCAD Long term outlook; wave B is starting (weekly)
This is a long term outlook of GBPCAD.
Now we are in correction and A wave of an ABC corrective phase is about to over.
We are going for a B wave to upside; but it won't be an impulsive and sharp move, it will develops in a corrective manner.
This long term outlook leads me to several trades in lower time frames.
I will post updates below this post, whether the pattern acts differently and changes itself, or continue to the anticipated direction.
Now we are in correction and A wave of an ABC corrective phase is about to over.
We are going for a B wave to upside; but it won't be an impulsive and sharp move, it will develops in a corrective manner.
This long term outlook leads me to several trades in lower time frames.
I will post updates below this post, whether the pattern acts differently and changes itself, or continue to the anticipated direction.
Comment:
Daily: note the divergence and equality rule.
Comment:
4H view:
Comment:
This can be end of correction, so buying after break out can be a good trade idea
