LLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "1" : Motive wave completed
Wave "2" : Triangle pattern completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Alternation rule so simple correction Flat pattern formed.
Wave "5" : Motive wave 5th wave...
my analysis on h1 gbpcad There is still a possibility of temporary retracement to the suggested resistance line (1.7338).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
