GBPCAD Long: Wolfe Wave at Critical Support

Here's another Wolfe Wave setup traders! Potential reversal at daily S/R zone and weekly TL support. Pay close attention to price action around the trendlines before entering long. SL Below lows with target at the .618 fib. If support holds and target is achieved, we would also have a double bottom and potential for more bullish movement. If lows are broken it is time to exit the trade and re-evaluate

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SL Reached - I may start a new long position after the GBP news tomorrow morning, depending on price action of course