SamKent
Short

GBP/CAD Bearish Kumo Breakout+Flag Continuation Pattern

FX:GBPCAD   British Pound/Canadian Dollar
128 2 0
The GBP/CAD             has recently broken down the kumo cloud during an impulsive bearish move. The pair is currently consolidating in what seems like a flag pattern . We're looking to trade with the flow and direction of the market, thus we're short the pair, aiming towards the projected breakdown of the flag.
ranging so far,
maybe after ~7-8 Jan?
+1 Reply
SamKent MertErten
The pair has been ranging too long, the pattern is no longer valid and the direction of the market remains unclear with a slight bias to the downside.
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