Wave-Trader
Short

GBPCAD Moving amazingly

OANDA:GBPCAD   GBP/CAD
3409 5 90
Hi fellows. this pair is in corrective wave and this corrective wave forming a flag patterns which is about to complete near the trend line . in case price break down the flag before hit the channel line then i will look for the break if break comes with sharp candles then i will look for sell on break.
Comment: Watching price action under trend line if price break up the i will look for change in pattern and structure.
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Comment: Price is getting rejection from trend line if price retest trend line again look for short.
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Comment: Triangle formation is possible fellows.
GBPCAD Triangle formation may form
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GBPCAD Break above will change the pattern
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Thank you
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My pleasure mate.
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do you think Running flat is forming ?
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Great Analysis. I see that the Stochastic RSI at 71 is flat and expected to slope down. The Aroon Indicator is showing that Uptrend is exhausted and downtrend is likely to start. I have drawn a up trend line for the last 3 days candle. If it breaks that trendline, I will go short.
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hello Wave-Trader, any update ?

Kind Regards
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