On the 4h chart of GBPCAD, we see sloppy and slow price action, which means that price is trading in a correction. For now this correction in black wave b looks like a triangle pattern that is still in the making. After wave b we still expect price to go lower into black wave c, before turning to the upside ideally from 2.00 psychological level.
Link to our previous updates on this chart :
www.ew-forecast.com
Link to our previous updates on this chart :
www.ew-forecast.com