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AlkalineFX

GBPCAD: Retrace Time

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
AlkalineFX  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Technical Indicators Chart Patterns GBPCAD gbpcadshort gbpcadlong gbpcadanalysis gbpcadforecast gbpcadsell gbpcadbuy gbpcadidea TRAP
14
5
trendanalysis indicator chartpattern gbpcad gbpcadshort gbpcadlong gbpcadanalysis gbpcadforecast gbpcadsell gbpcadbuy gbpcadidea trap
I am expecting a retrace of this huge sell-off.

We saw a liquidity purge of the support created after the trendline bounce.

Now that this is out of the way, we can expect some pullbacks before bearish continuation.

We can either pull back from this zone or we can take the low before we retrace.
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