FullTimeTrader
Short

GBPCAD-nice opportunity to catch big decline

FX_IDC:GBPCAD   British Pound/Canadian Dollar
486 5 12
Hello, i was waiting for this opportunity the hole month.
According to my previous analysis i'm expecting a big and dramatic decline on this pair.
GBPCAD-at key resistance-bearish crab
I didn't open any trade then due to market volatility , but market always gives us more opportunities.
Here we can see a nice pullback to the 2.05000 area. I expect this level to be tested and then the decline to continue.
The H4 Ew count also support this bias.
snapshot
At least 400 up to 800             pips on the table!!!
Best regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).
We all are here to learn sharing ideas, have fun and improve our performance.
Hi, did you considered the BOE Mark Carney high impact speaking? Tomorrow It seems it will be a weekend gap with uncertain direction, doesn't it?
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Hello, thanks for the information. Im not a fundamental trader (off course listen the news). Talking about that i think the possible rate hike is still far according to last votes. I dont expect anything new from that speach. Just in case i will move my SL to BE and consider taking partial profits.
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DamodarD FullTimeTrader
Thanks for posting your idea :)
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thank so much
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UPDATE. luckyly i opened three positions and then price continues falling, be carefuly if you consider opening trades now...........
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