On the Weekly we can see GBPCAD has been in a downtrend breaking below a key 1.68 level. The weekly candle for the previous week broke closed and broke below this level , so now we can wait for the daily timeframe to show a retracement going above or stopping near the1.68 level ; then rejecting and closing /breaking below. Scale down to the 4H time frame and repeat, before finally looking for an entry on the 15m.
Comment thoughts and your bias as well thank you .
Comment thoughts and your bias as well thank you .