GBPCAD - Possible massive downside
This corrective wave is one of my favourite setups.
Price has been overly extended to be form a expanding ending diagonal.
I have been stopped out once due to the UK inflation news. Re-entering now with a more complete pattern and better SL position.
The two short terms targets in blue.
I have a much longer term target on the daily chart (see next post) but not sure if that will happen or if I will be able to hold for so long.
Good luck!
Price has been overly extended to be form a expanding ending diagonal.
I have been stopped out once due to the UK inflation news. Re-entering now with a more complete pattern and better SL position.
The two short terms targets in blue.
I have a much longer term target on the daily chart (see next post) but not sure if that will happen or if I will be able to hold for so long.
Good luck!
Comment:
700pip target on the daily. Will it happen?
