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
Giao dịch đang hoạt động
Giao dịch đang hoạt động:
We can take the first profit and stop loss on entry
Giao dịch đang hoạt động:
The analysis is still stand and stop loss will be by closing over it with H4 candlestick .
Đóng lệnh: dừng lỗ