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TheLazyBrother

GBPCAD short term view

Short
Livre sterling / Dollar canadien (FX_IDC:GBPCAD)  
TheLazyBrother  
FX_IDC:GBPCAD   Livre sterling / Dollar canadien
Wave Analysis Trend Analysis
3
0
waveanalysis trendanalysis
GBPCAD follows impulse-correction pattern all the way down to daily level. Moving avregaes are clearly (at all degrees!) pointing downwards, the latest correction being contained by 0.381 retracement level. It is difficult to say if it is over or not, but one should be alert for upcoming low risk shorting opportunities

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