thillygoosth

GBP/CAD sell

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OANDA:GBPCAD   英鎊 / 加元
Gcad came of equal length to wave "1" or "W' in a 5 wave diagonal (however, not overlapping which would have been much better) but still a diagonal 5 wave that has the inner 3 wave look which would indicate ending.. But it's the fact that this was how it broke out of the pattern and fork it was in. At this point I can't call a full out reversal, this last wave is weird, but divergence, way over bought on higher time frames, divergence forever. I just feel it may be at least good for the scalp possibly to 1.82, or at least that zone area. I can consolidate, best thing to do would be look to trade a break of flag on 1 hr. It's pulling up right now on smaller time frames. Maybe just peak at it later. But the whole point of this is the trend line break and how and where it did it. It can pull up some but looking to correct this choppy wave which I have labeled. It is at a major weekly support and resistance "zone". I may let some ride, might just scalp depending on what happens.

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