GBPCAD is at the end of a move! Market conditions line perfectly up with upcoming News. Volatility is expexted!
Have a look at the longterm perspective to gain understanding of the current market conditions:
- 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:
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