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Carl_G

GBP/CAD: Almost 1:5 Risk to Reward Ratio

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
Carl_G  
FX:GBPCAD   British Pound / Canadian Dollar
GBP CAD GBPCAD canadiandollar canadian canada pound britishpound
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gbp cad-dollar gbpcad canadiandollar canadian canada pound britishpound
Looking at GBP/CAD on the daily time frame price have made its first bearish leg, pullback is now for selling as I am looking to trade the second leg down. On the 4 hour chart MIDAS R1 (launched from 2016-08-03 12:00) have successfully captured the pullback together with a TD-Price Flip on the 1 hour chart. This potential trade setup have a great Risk to Reward Ratio of almost 1:5 giving this the top spot on the watch list for next week.

MIDAS Trading Tools for MT4 is available to download @ MQL5.com
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