Trading Signal | GBPCAD | Intraday | Elliott Wave

Trading Signal | GBPCAD | Intraday | Elliott Wave

Market: Forex Crosses
Symbol: GBP/CAD
Signal Category: Intraday
Direction: Bearish
Order Type: Market / Limit

(Entry / Stop Loss / Take Profit)

The following trading signal on the GBPCAD forex pair has been posted in the “Trading Signals” section.

Trading Signal | GBPCAD | Summary

GBPCAD has been retracing towards the 78.6% Fibonacci Retracement levels of the previous impulsive swing.
The bullish swing appears to be a “three”, which could lead towards a continuation for the down-side.
A complete 3-wave sequence finalized the up-side, which in turn, should pave the way for at least a limited bearish swing.
GBPCAD has been labeled in an ABC Minor Degree (blue) swing, with Minor C complete (or almost complete), due to the present Bearish Divergence.

Trading Signal | GBPCAD | Intraday BUY Orders

GBP/CAD – 4H Chart (picture)

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Trading Signal | GBP/CAD | SELL Orders

Aggressive Entry @ 1.7650 (or Market price: approx. 1.765) with SL @ 1.7950
Moderate Entry @ 1.7880 with SL @ 1.8200
Conservative Entry @ 1.8010 with SL @ 1.8350
TP @ 1.740 / 1.720 / 1.700 / 1.680

Safety measure: when in the green, moving SL to break-even.

GBP/CAD – 4H Interactive Chart

Ahoy my fellow trader,
Thank you for your interest in this article and the overall information I am proving.
Should you need any support or have any questions regarding the presented Wave Counts, please let me know.
I am most active and available via Telegram and Skype, feel free to shoot me a message.
As always,
Many pips ahead!
Richard

Fair warning and risk notice:
Trading CFDs or Foreign Exchange is risky and you should only invest what you can afford to lose, in a calculated manner.
All material presented by LEWA is not to be treated as investment advice and the analysis represents general market research.
Before you decide to take action, please be aware of the risks involved.
Trading is not for everyone and it should be treated with responsibility.
Besides a good strategy for a decent win over loss ratio, risk management is another key factor.

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