GBPCAD- Analysis by Elliot Waves Theory
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
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
Transaction en cours
Transaction en cours:
We can take the first profit and stop loss on entry
Transaction en cours:
The analysis is still stand and stop loss will be by closing over it with H4 candlestick .
Trade fermée: ordre d’arrêt atteint