nakedchartist
Short

GBPCAD finally game is on for the start of the new downtrend.

FX:GBPCAD   British Pound/Canadian Dollar
there is a channel and 8045 has been tested twice. this shows that 8045 is the R that I want to watch on n price should not day close above in order to spoil this hns pattern for a new downtrend.

I see a channel with macd divergence but the channel itself is awkward as the channel break does not present the best RRR             . Hence i will need to modify my entry and look to trade on h4 closes below the 3 day high spike.
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