A really solid Gartley pattern is forming on GBP/CAD daily chart. If it continues to play out we will be looking at price hitting point D some time in July. With a couple of months before this price action playing out we have plenty of time to continue to evaluate this possible position. We will keep an eye on it for sure.
I messed up the original post for this so I am trying again. The Canadian Dollar has rebounded well against the British Pound leaving a bigger picture demand zone below @~0.5140. Price is now coming to an area where there might be a sharp decline away. This supply zone @~0.5360 is also the 50% pullback area of the original down move indicated by the red...
January and February saw the Canadian Dollar fall to below 0.52000 against the Great British Sterling. March has seen some revival as the pair is correcting itself - possibly to a 50% retracement of the down move. This move should be halted by the supply zone marked out by the red horizontal lines. We should see a bounce off this area. The March move is...