ew-forecast
Long

GBPCAD Still Trading In A Correction

FX:GBPCAD   British Pound/Canadian Dollar
On the 4h chart of GBPCAD             , we see sloppy and slow price action             , which means that price is trading in a correction. For now this correction in black wave b looks like a triangle pattern that is still in the making. After wave b we still expect price to go lower into black wave c, before turning to the upside ideally from 2.00 psychological level.

Link to our previous updates on this chart :
GBPCAD Could Bounce Higher In Sessions Ahead


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Excellent analysis . I think we are going for a strong 3rd wave in 1 hour chart if break up top of wave 1, the red line :


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