GBPCAD down trend LONG

FX:GBPCAD   British Pound / Canadian Dollar
ABCD Formation: as you can see this has formed an ABCD formation so we should be looking for a downtrend now.
Also their is a small Descending Triangle forming therefore we could expect a big breakout from this.
Furthermore for extra security and confidence for this trade wait for the EMA Reversal, as the line should cross the opposite side of the charts.
Jan 28
Comment: Also formed a double bottom. Only place trade when your see the breakout.
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