GBPCAD- Analysis by Elliot Waves Theory

Actualizado
GBPCAD have completed 5 impulsive wave, because of that we are looking for downward correction.
Another reasons for this analysis is there are a divergence between top of waves 3 and 5 on MACD in addition there is a confirmation for correction since prices broke wave 4 on lower time frame

This analysis to be failed if prices break last peak at 1.71454

Good luck and trade safe.

THX
Operación activa
Operación activa
We can take the first profit and stop loss on entry
Operación activa
The analysis is still stand and stop loss will be by closing over it with H4 candlestick .

imagen
Operación cerrada: precio stop alcanzado
Chart PatternsWave Analysis

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