💷GBP/CAD Get Ready For It

💷GBP/CAD Get Ready For It

💷Everything looks like GBP/CAD has no intention of making a correction any time soon.

💷 There is a resistance zone ahead which I believe will be broken through.

💷 If this happens the way will be opened to the strongest resistance zone ahead.

💷The first resistance zone was determined by two fibo levels. The first is 0.618 of the entire downward wave from the 2008 peak to the 2022 bottom. The second level is 0.382 of the entire downward wave from the 2015 peak to the 2022 bottom.

💷The second stronger resistance zone was determined by a cluster of up to three levels. The first level is 0.786 of the entire downward wave from the 2018 peak to the 2022 bottom. The second level is 0.5 of the entire downward wave from the 2015 peak to the 2022 bottom. The third level is 0.236 of the entire downward wave from the 1998 peak to the 2010 bottom.

💷The support zone is around the 0.5 level of the entire downward wave from the 2018 peak to the 2022 bottom.

💷The scenario I'm playing out is a continuation of the upside with a breakout of the first resistance zone and then a continuation of the upside to the second. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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