Elliott Wave - SELL GBPCAD - Potential Leading diagonal

17 de jan. de 2020

Good evening traders,

We are testing out some Elliott wave analysis.

We are currently watching the GBPCAD as we could be looking at a leading diagonal.

• A leading diagonal consists of five waves, labeled 1-2-3-4-5.
  Waves 2 and 4 are always corrective,
  Wave 1 is usually the longest
  Wave 3 cannot be the shortest among waves 1,3 and 5.
  Waves 1 and 4 overlap
  Leading diagonals occur in the position of the first wave of an impulse or wave A of a zig-zag correction.
  

Any thoughts or comments are welcome,
We are currently shorting with our initial target of 1.6900