Nice Short term sell setup

FX:GBPCAD   British Pound / Canadian Dollar
1810 45 51
Sell breakdown the Triangle for trend continuation
Comment: So far moving nicely. Good trade setups take time to be filled so that always wait and watch market behaviour.

Comment: Making new lows, waiting for clear breakdown then expecting trend continuation pattern.
Comment: Watching for sell setup Break up may extend corrective pattern towards upside.

Comment: GBPCAD, Corrective wave extended itself sell breakdown
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wow wow a great analysis there.. nice one
Great chart...thanks. Why waste energy on trolls ;)
+1 Reply
Wave-Trader drsteigerwald
Absolutely its a waste of energy on trolls
so a sell was a loser right?
Yes of course because you placed that trade with 10 pips stop loss mate.
airmac Wave-Trader
and what was entry? and on what timeframe you look at breakdown for a sell?

airmac airmac
please be a little more specific
I am very much specific mate. This trade setup is not based on 5 minute chart.
airmac Wave-Trader
breakdown on H4 and you can have 10 pips stop loss? So why you dont put a trade on the chart? That would be specific enough
Mate you dont know how to place a trade before the breakout and after the breakout and if breakout does not go through then how to manage your trade. Please ask someone to train you.
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