GBPCAD Wave Analysis

GBPCAD is at the end of a move! Market conditions line perfectly up with upcoming News. Volatility is expexted!


Market made significant 5-Wave impulsive move to the upside
Currently we finished Wave 5 of the upside movement which took place for the last months
Market made a 5-Wave move in the channel
Yesterday it made an attempt to break above the recent high but failed to do so

We got a classic fake breakout and finished wave 5 of Wave 5!!




Have a look at the longterm perspective to gain understanding of the current market conditions:

https://www.tradingview.com/x/wfkHUGAD/