GBPCAD has broken down the last 2 days and at some point we need relief. a good place to anticipate that is the middle white box. past 3 month this as been a strong zone of marketdirection changes and is happens to lay right on the upward trendline as well as the 618 retracement of the lastest upimpulse (starting at 15th of may)
if that relief can bring us up into the upper white box which again has a trendline to back us up, this would be a nice place to look for a sell again.
if we then break down (and i know we are goin very much into the future here) then the lowest white box can again be a good place to buy with general structure and a gartley in place
if that relief can bring us up into the upper white box which again has a trendline to back us up, this would be a nice place to look for a sell again.
if we then break down (and i know we are goin very much into the future here) then the lowest white box can again be a good place to buy with general structure and a gartley in place
