FX:GBPCAD   British Pound / Canadian Dollar
75 4
15min wave count tells a continuation of impulse wave up.
As long as PA in the next few sessions stays above {ii} - {iv} channel line, there's a chance of going long after retracement ii next week.
With a proposed SL placed at invalidation if it breaks lower channel line, R/R could be good.
Since wave {4} overlapped wave {2}...........
+1 Reply
thank you for this post Iove it
Hi trading EW thanks what is zoar view on this pair now
TradingEW manijeh.kazemi.33
Very interesting in terms of how EW is developing in this pair:
A revised count as waves evolved, now completing an ending diagonal 5th wave (5).
Tracking the minor waves to completion. Not sure yet where it terminates, but the potential is set for the downside.

Long term weekly view:
Since wave overlapped in early July, now forming a multi-year expanding ending diagonal .
Could see this pair reverse in the coming weeks on a three waves corrective decline .
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