GBPCAD - LONG

Hello,

here is my full analysis on GBPCAD. As you can see, I am a swing trader. I will be taking profit after 1400 pips. I am expecting longer term an even higher level to be reached.

1.84 been the level where an Bearish Gartley been complete so the market began a correction for the Wave number 1. The correction been an ABC correction (if you learned Eliott Waves Theory, you probably understand my words). Overall the trend is bullish because we know that on the monthly chart GBPCAD complete an ABCD PATTERN (Harmonic Pattern) at the 1.60 level that it did re-test 3 times that created an Inverted Head N Shoulder.

1.94 is my ultimate short level. Until then I will be bullish on GBPCAD. This is the next huge pattern from this pair that will be completed. ABCD PATTERN (From 61.8% to 161.8% FIBS).

1.84 Will be my TP (1400PIPS from the current level)

Enjoy the ride,

Trade with care!

Thank you,
PC