GBPCAD hits 618 expansion on nose, but misses D extension by 80 pips before retracing almost 700 pips.
I think that price needs to move back down to D extension giving us buying opportunities.
That being said, 700 pips is a long way to wait.
I will look on smaller time frames for a move down.

GBPCAD_DAILY_10082016

GBPCAD 15M

Looking on lower time frame proved beneficial 300 pips so far.

Source: George Deprez

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