Gbpcadshort
GBPCAD Making Nice MovesI already took profits on the long trade here, but we are in a downtrend and I believe we may respect it as we have recently come out of a very tight channel and volatility has kicked up, we have only taken out the swing low once and had one retest, but I am imagining a similar outcome, watch out for that bottom blue line when setting up profit targets, that's the support that will likely be a very strong support. Im taking the short once I see a bearish reversal, not bothering with MAs or oscillators here as the price is a bit messy, just good old price action.
GBP/CAD New Short Setup Available After Retest Our Trend LineThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions