Get started
KyriakosKyriakidesOfficial

GBPCAD Sell

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
KyriakosKyriakidesOfficial Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Chart Patterns Wave Analysis Trend Analysis gbpcadshort GBPCAD Forex
4
1
chartpattern waveanalysis trendanalysis gbpcadshort gbpcad forex
We look to short this pair as we look GBP to get weak because of the virus and CAD stronger because of OIL.
Also we have an Institutional candle on 30 minutes which cleared liquidity on the highs on the left.
We created EQLs below which are our targets.
Stoploss above the Institutional Candle.
Beautiful 1:3 R:R
Comment:
price hit Stoploss but from the looks of it it just cleared liquidity above.
Easy peasy, tomorrow on CAD news we'll look for re-entry.
Cheers and will update you with the idea tomorrow ;)
Comment:
as commented 2 days ago price hit SL was looking for price action before news but nothing. Will wait to clear the daily highs before looking for re-entry
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.