We were long on the GBPCAD from bottom. Looks like the wave is about to end and now time to look for short on the GBPCAD .
How we can trade on this chart.
We are having very nice strong impulse just watch for the retracement against that on lower time frame and look for that correction to breakdown.
You can get in the market before the breakdown or on breakout.
In case price close above the previous high than it will change the setup.
If we are not going to see downside continuation and price is going to turn into a bigger daily correction then we will look for buy back to the previous high.
Hope that will help. If not then follow the updates.
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