GBPCAD Short Trade Setup
Hello Traders
It broke the top of the blue A wave and dropped immediately. It looks like we have a complete regular flat. Of course, it can go up more. We have still some room under the orange trendline and a pretty strong Fib confluence. So we will see if it will fall, or make a correction for one last upward impulse. I'm waiting for one more upward impulse and a reversal pattern to place a pending order.
Trade with care.
Bulent
It broke the top of the blue A wave and dropped immediately. It looks like we have a complete regular flat. Of course, it can go up more. We have still some room under the orange trendline and a pretty strong Fib confluence. So we will see if it will fall, or make a correction for one last upward impulse. I'm waiting for one more upward impulse and a reversal pattern to place a pending order.
Trade with care.
Bulent
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