GBPCAD is currently in a big ABC correction. We saw a really complex midsection (wave B).
We are now looking for bullish price action to catch wave C, which is going to be a massive 2500pips.
Trade Idea: - we are currently seeing a brief retracement on lower timeframe. Watch for that to complete and bullish price action to appear - When bullish price action appears, enter with stops below the lows - Targets: 1.66 (1100pips), 1.76 (2100pips), 1.8 (2500pips)
Please be cautious when trading GBPCAD as its really volatile.
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