FX:GBPCAD   British Pound / Canadian Dollar
H4 - Special cycle completed, currently a retrace is happening in the form of double wave up.

We may now expect this retrace to happen until price reaches the 38.2% – 50% fibo retrace zone.

Once the price reaches the magnet zone, we may look for evidences of bearish reversal and then we may start looking for sells.

Note: The conditions here are really good, hence we may now look to sell every rally.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.