TradingEW
Short

GBPCAD short setup

FX:GBPCAD   British Pound/Canadian Dollar
37 1 5
Since November 2014 low or bottom of (4), this pair has the potential of forming an ending diagonal (5), by looking at the presence of zigzags in each waves - while wave iv is due for overlapping wave ii in the coming decline.
Thus, setting up short on the wave (5) purple of ending diagonal (c), SL at break of wave (2) top - for trading better R/R.


Long term perspective:
https://i.gyazo.com/df427b6c274404bc6c6d382ee911c76a.png
TradingEW
a year ago
Ending diagonal still intact for a drop in wave (5), unless breaking wave (2) top.

snapshot
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