Looks like GBP/CAD in heavy selling pressure after the Fundamental event for CAD on last week.
Earlier Thought process was 5th wave in the Diagonal pattern was not completed, but after the fundamental news, the pattern structure changed, now it seems there's an correction running for an start of another impulse with an Target1 and Target 2 mentioned in the Chart.
Earlier Thought process was 5th wave in the Diagonal pattern was not completed, but after the fundamental news, the pattern structure changed, now it seems there's an correction running for an start of another impulse with an Target1 and Target 2 mentioned in the Chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.