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GBPCAD: Decline has resumed

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Best reading of the cycle suggests that rally to 2.057 ended wave X. From this level, the pair resumed the decline in wave (w) as a double three structure wxy where wave w ended at 2.0168, wave x ended at 2.04, and wave y of (w) completed at 1.98. Wave (x) bounce unfolded also in double three structure (w)-(x)-(y) where wave (w) ended at 1.9946, wave (x) ended at 1.983, wave (y) of (x) ended at 2.003. Pair has since resumed the decline lower, and while price stays below 2.003, or more

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