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munyaelliott

GBP/CAD SHORT 1-HOUR TIMEFRAME CONTINUATION (SCALING IN)

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
munyaelliott  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns bearflags4days Chart patterns impulsecorrectioncontinuation falcontradingguidance heisenberg_trader wolfofwallstreet theresamay poundsterling
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trendanalysis chartpattern bearflags4days chartpatterns impulsecorrectioncontinuation falcontradingguidance heisenberg_trader wolfofwallstreet theresamay poundsterling
Price formed another corrective structure in the form of a bear flag pattern after sellers struggled to hold ground. Now it has just broken to the downside and we are expecting further down movement. Things are a bit slow this week especially after the bank holidays yesterday. Risk management should be on point always. The technicals of this trade are;

Stop Loss: 1.70764
Target: 1.69140
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