GBPCAD has initiated an impulsive move after marking a low at 1.7458. The price has successfully completed wave ((3)) at 1.8779, and wave (4) seems to have settled at 1.8346, confirming a potential reversal zone. The Average True Range (ATR) of the price stands at 0.00438, while the Average Directional Index (ADX) is currently at 21.18.
Buyers can look for entries near the 61.8% retracement level or at an immediate reversal. The bullish setup offers 1.86100 – 1.87120 – 1.88700+ as targets. The invalidation level stands firm at 1.83440. The bulls are strong until the price breaks down the low of wave (4).
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Fantastic wave count! It’s clear and precise.
Brilliant insights! Keep up the great work.
Truly impressive! Well done!
I always look forward to your research! tnx for sharing!