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ClearTradingMind

GBP/CAD 4hr Study: Optimal Time for Bearish Trade"

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
ClearTradingMind  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis Contains image
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trendanalysis chartpattern waveanalysis containsimage
GBP/CAD appears to be retracing from the 1.7030 level, and the trend seems to be entirely downward, suggesting further declines. Now is the perfect time to enter a sell position at 1.70688, targeting 1.69464, with a stop loss set above 1.71530.
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