GBP CAD
So it went down as we expected, touched a weekly/monthly resistance, finishing its 5 elliot wave moves (didnt mark them because i wanted the cleanest chart i could have), and after it, the graphic shows a Divergence right at the bottom. So it fired up breaking some important resistances, it stopped litteraly at 61% in the fibo and made a hammer candle followed by a doji so that first impulse has been made.
I´m expecting a pullback to a small (but important) support or the 38% fibo to catch the third move of the wave untill the next major resistance up there.
Can go botch short and long to take both but i recommend going for the long after a confirmation
I´m expecting a pullback to a small (but important) support or the 38% fibo to catch the third move of the wave untill the next major resistance up there.
Can go botch short and long to take both but i recommend going for the long after a confirmation
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.