Motive Wave Exhaustion inside a Rising WedgeGBP/CADOANDA:GBPCADKhoraCapitalThe British Pound against the Canadian Dollar is presenting a highly defined macro-technical trend terminal pattern on the 4-hour framework. Looking at the geometry in the pair has pushed higher into a Rising Wedge chart pattern. This structural compression is moving perfectly in line with a complete 5-wave Elliott Motive Wave sequence. Price has just printed an impulsive Wave (5) right into the upper resistance boundary of the wedge pattern, highlighting significant volume and momentum divergence. The Goal: With the motive cycle fully completed at structural resistance, I am standing aside and waiting for a clean distribution to confirm a trend reversal. My objective is to track a decisive, impulsive break below the wedge’s lower ascending support line. A confirmed breakdown will open the path for a massive macro rotation back down toward the primary historical liquidity floor anchored at the 1.83032 horizontal support level. Fundamental Catalyst: This bearish technical view is heavily reinforced by a strong fundamental shift backing the Canadian Dollar (CAD). Last week's blockbuster Canadian Labour Force Survey revealed an unexpected surge of 88,000 jobs for May, handily beating consensus expectations of just 10,000 positions and forcing the unemployment rate down to 6.6%. This labor market strength is beautifully synchronized with the kickoff of the 2026 FIFA World Cup. #GBPCAD #Forex #ElliottWave #RisingWedge #TrendReversal #TradingView #TechnicalAnalysis #MacroTrading This is for educational and research purposes only and does not constitute investment advice.