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$GBPCAD Elliott Wave Analysis

Preferred Elliott Wave count suggests that rally to 1.7547 ended wave ((w)) and wave ((x)) pullback is currently in progress to correct cycle from 7/22 low. Internal of wave ((x)) pullback is unfolding as a double three where wave (w) ended at 1.7385 and while wave (x) bounce stays below 1.7547, expect another leg lower in wave (y) of ((x)) before pair resumes the rally higher.

GBP/CAD Short-Term Elliott Wave Analysis Chart
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