ew-forecast
Short

GBPCAD : Downward Correction In Play Towards 1.9600

FX:GBPCAD   British Pound / Canadian Dollar
On the Daily chart of GBPCAD             , we see a nice bullish cycle from April lows. It looks like trend made a top as in red wave (v) and now we expect the price to make a three wave retracement.
Red waves (a) and (b) seems to be completed, because of a sharp fall to the downside into a red wave (c), which should have an impulsive structure, that means five waves down, that we are tracking on 4h chart. Ideally price will continue to around 1.9600 - 1.9700 area, where even our fibo. level 50% of a previous big five waves up shown on the Daily chart can react as a support.

Link to our previous posts about this pair:



http://www.ew-forecast.com
Where Cryptos Are Headed Next? New FREE Crypto Report >> 👉👉👉 https://goo.gl/34dpV8
Like your count
+1 Reply
Thank you. :)
Reply
Very nice analysis. I always find you posts useful, keep the good work up
+1 Reply
ew-forecast SharifAzadeh
Thank you for your comment.
Will keep posting. :)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out