GBP CAD
So it went down as we expected, touched a weekly/monthly resistance, finishing its 5 elliot wave moves (didnt mark them because i wanted the cleanest chart i could have), and after it, the graphic shows a Divergence right at the bottom. So it fired up breaking some important resistances, it stopped litteraly at 61% in the fibo and made a hammer candle followed by a doji so that first impulse has been made.
I´m expecting a pullback to a small (but important) support or the 38% fibo to catch the third move of the wave untill the next major resistance up there.
Can go botch short and long to take both but i recommend going for the long after a confirmation
I´m expecting a pullback to a small (but important) support or the 38% fibo to catch the third move of the wave untill the next major resistance up there.
Can go botch short and long to take both but i recommend going for the long after a confirmation
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