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Sandro_AK

GBPCAD Update

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Paun British / Dolar Kanada (FX:GBPCAD)  
Sandro_AK  
FX:GBPCAD   Paun British / Dolar Kanada
Trend Analysis Wave Analysis
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trendanalysis waveanalysis
GBPCAD has been bullish as I predicted with my previous post. Wave 1 on 4H has currently been completed and now we waiting for the retracement which is called wave 2 and based on my analysis price first need to drop until 1.72000 which is the broken resistance that turns into support. Based on this information we need to see how price close at that certain level on 1H timeframe and decide if we going to buy. If price breaks the 1.72000 support level we will then wait for the price to go down to level 1.70600 and enter a buy.
Thus GBPCAD is bullish long term. Be patient.
TP @ 1.75000
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