TomProTrader
Short

#GBPCAD: Bears Around, Downside To Be Seen! #Forex

FX:GBPCAD   British Pound / Canadian Dollar
160 8 6
Traders,

Indecision at a major Fibonacci ratio confluence ceiling implies this level is active and and means trades can be taken with tight stop loss procedure.

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potential bearish bat in play already with larger abcd target down bottom
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I'm thinking sideways in all *cad pairs, specially gbp, eur and usdcad.
Wouldn't short. Just waiting to add more to longs.
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Every idea is technically valid until invalidated so any of us could be right. I'll be taking this short based on the tight stop loss, and the bear momentum, even if only temporary I will make a profit, even if small.
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IvanLabrie PRO TomProTrader
Yes, 100% correct in that regard.
Just stating my biased opinion.
(I'm long)
Cheers.
+1 Reply
Always appreciate your input :-)
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IvanLabrie PRO TomProTrader
Thanks and likewise ;)
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on my watchlist also ^^ good luck
+1 Reply
We got this one, let's see some more downside !
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