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The808Trader

GBP/CAD Short Ichimoku Trade Idea

Short
Livre sterling / Dollar canadien (FX:GBPCAD)  
The808Trader  
FX:GBPCAD   Livre sterling / Dollar canadien
Trend Analysis Chart Patterns Technical Indicators GBPCAD gbpcadshort Bearish Patterns short ichimokuforex the808trader
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trendanalysis chartpattern indicator gbpcad gbpcadshort bearish short ichimokuforex the808trader
Similar to USD/CAD, this pair is ranging in the cloud right now and sitting at a strong support/resistance level. I am looking for that level to be broken to enter in a sell. We just got a future kumo twist to a bearish cloud. We may see one more attempt to rise before we get a breakout. As long as bearish signs hold I will enter, if they start to get mixed or the kumo twist goes back to bullish it will invalidate the trade, and I will not enter.
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