GBPCAD: Not So Unique Forecast

I'm not the only one in the trading community looking at the GBPCAD short. However, I'm not jumping in just yet. I'd like to see a small break to the top trendline before the down move. The current structure on the 1 hour chart seems a little too corrective to spark a huge impulse down but the chart will do what it wants! An entry order at the purple line would be a good risk to reward ratio if you don't want to wait for the up move (if there is one.)

Commentaire:

Moving nicely. If you were impatient like me and placed an entry order you’re doing well! We’re seeing a small correction on the hourly chart. Stop has been moved to break even. Let’s ride this pair all the way down!