GBPCAD MAKING A MOVE UP?

Hi.

I'm looking at GBPCAD for a potential buy entry.

Elliott wave is always an interesting feat, lol. I attempted to count the waves that have formed and believe we are in an ABC correction right now.

It looks like price has hit the D -0.27 extension on the sell. Now waiting to see if we will get a deeper retracement or if price will start to move up.

If my analysis is correct for either level, I think this could be a long term play.

I am not entering now. I want to wait for bullish indication.