GBPCAD
W1 - The price may push off from a strong level and begin to move down. When implementing the idea, you can expect a target at the level of 1.63580
D1 - The trend line was broken, and the price also fixed behind the trend line. A 3-wave structure is being formed, which may indicate a potential trend reversal. The nearest levels according to the structure are 1.66591
What can you expect?
Expectation of breaking the minimum of the 1st wave - from the levels of 1.70384. To be sure, you can wait until this level is fixed to consider the entry. Cancellation of the idea when the maximum of the 2nd wave is broken or beyond the maximum of the 1st wave 1.71889 - 1.72924
Long
Target 1.69914 - 1.68982 - 1.68020 - 1.66591
W1 - The price may push off from a strong level and begin to move down. When implementing the idea, you can expect a target at the level of 1.63580
D1 - The trend line was broken, and the price also fixed behind the trend line. A 3-wave structure is being formed, which may indicate a potential trend reversal. The nearest levels according to the structure are 1.66591
What can you expect?
Expectation of breaking the minimum of the 1st wave - from the levels of 1.70384. To be sure, you can wait until this level is fixed to consider the entry. Cancellation of the idea when the maximum of the 2nd wave is broken or beyond the maximum of the 1st wave 1.71889 - 1.72924
Long
Target 1.69914 - 1.68982 - 1.68020 - 1.66591