ew-forecast

GBPCAD : Unfolding Correction

FX:GBPCAD   British Pound/Canadian Dollar
On GBPCAD             there is a nice uptrend on a daily chart that will be expected to continue after a completed fourth wave triangle formation as shown on the 4h chart.

A Triangle is a common 5 wave pattern labeled A-B-C-D-E that moves counter-trend and is corrective in nature. Triangles move within two channel lines drawn from waves A to C, and from waves B to D. Triangles are overlapping five wave affairs that subdivide 3-3-3-3-3.
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