After a large bear trend from July 2014, with 4 impulse waves, there was consolidation between 1.277-1.2 . This was the longest correction wave. The breakout from the trend line on 17/4/2017 and the triple bottom is textbook reversal signs. GBPUSD has now shown higher highs and higher lows twice, so I would get long for another wave up. Using cyclic lines, it...
Using Fibonacci extension of 1.61 from the pull back after the last high. You can see that Fibonacci works well for bitcoin as I have the retracement on there to predict an accurate reversal point. The Elliot Wave theory also seems to show that there is more to come from the current impulse wave.
A daily trendline on USD CAD has been broken. Although it seems there is just 2 hits, moving down to the H1 chart you can see a rejection, then a strong breakout candlestick pattern. This lines up for a nice short.
Entry short 1.321
Stop 1.32333
Take Profit 1.304
