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Nick_C_
May 23, 2015 9:11 PM

GBPCAD hourly short setup under construction  

British Pound/Canadian DollarFXCM

Description

Analysis on chart; waiting for this suspected wave (5) higher and confirming price action lower in the form of an a/b or 1/2. Waiting for confirmation will allow us to short the next wave lower after that (C/3) with both a confirmed perspective on a larger structure as well as better defined risk to reward targets.

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Comments
IvanLabrie
Looks good, let's watch it closely for completion.
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