Fxprotrader

GBPCAD@ AB=CD Pattern Completes Wave 4 of Elliott Wave Cycle

FX:GBPCAD   British Pound/Canadian Dollar
Price in GBPCAD             is in a corrective structure. If it moves a little more to the down it forms a bullish ab=cd pattern with it's D point at a key support zone. Looking at the daily timeframe we clearly see that price has already formed three waves of an elliott wave cycle. The completion of the ab=cd pattern equals the completion of an abc corrective wave 4.

Profit target should be the c point of the pattern with an aggressive one the 1.27 extention of wave 3.

Elliott wave count:

snapshot
Website: www.fxproblogger.com/
Twitter: www.twitter.com/fxproblogger
Facebook: www.facebook.com/fxproblogger/
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out