YuzukiChan

Queen's Currency Got No Chance in Short Term

FX:GBPCAD   British Pound / Canadian Dollar
Long lasting corrections necessitate steep fans. Putting the beginning of the fan to the beginning of the wave 1, and aligning 1/1 at where the wave 2 ends, we see that the price was rejected by 1/2, which also shows the strongest weekly RSI. Now we see a retest of the same level, but the price came from a very low level uninterruptedly, so for 1/2 to be broken, we have to see at least a little bit of correction.
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