The idea shows in chart. Support and resist level are derived from Monthly and weekly timeframe; we expect bear market from end of wave 2 as a resistant level to wave 3 Elliot wave as a first support level.
GBPUSD is at retracement level (End of wave two and beginning of wave three) if the marked break the 1.26 support level the trend is not valid anymore. Good Luck Safe Trade
Hey Traders, in the coming week we are monitoring USDCAD for a buying opportunity around 1.31000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.30790 support and resistance zone. Trade safe, sepes.