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yung_alchemist
Sep 6, 2015 9:58 PM

GBPCAD - Short Position Short

British Pound/Canadian DollarFXCM

Description

Although technically this pair is 'bullish' due to the higher highs and higher lows it has been putting in, there could be a great opportunity to catch a short trade all the way down to 1.950's. This area has many confluences and is a superb area of support.

If we break this level then we will have confirmation for a bearish trend as it will then have taken out the previous higher high.

Looking for daily price action before entering.
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