GBPCAD
D1\W1 - Formation of a 3-wave structure in an upward trend.
D1 - There was a breakthrough of the level of the 1st wave at a price of 1.67644, more expected price behavior, consolidation at this level and continued movement upward to the levels of 1.74192. It is also worth noting that the price can form an ABC structure and in this case we can see a continuation of the downward movement along the 4th wave on W1
What to expect now?
You can try to consider the entry from these levels to continue the movement. You can also wait for the price to fix at the level of 1.67644.
Cancel idea 1.65490 - 1.63560. If the ABC formation does not form.
Long
Targets 1.68450 - 1.70185 - 1.71710 - 1.74192
D1\W1 - Formation of a 3-wave structure in an upward trend.
D1 - There was a breakthrough of the level of the 1st wave at a price of 1.67644, more expected price behavior, consolidation at this level and continued movement upward to the levels of 1.74192. It is also worth noting that the price can form an ABC structure and in this case we can see a continuation of the downward movement along the 4th wave on W1
What to expect now?
You can try to consider the entry from these levels to continue the movement. You can also wait for the price to fix at the level of 1.67644.
Cancel idea 1.65490 - 1.63560. If the ABC formation does not form.
Long
Targets 1.68450 - 1.70185 - 1.71710 - 1.74192