anilmangal
Short

GBPCAD a possible wedge

FX:GBPCAD   British Pound / Canadian Dollar
644 10 84
GBPCAD             looks like a wedge .
Sell the break out of lower degree consolidation .

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Hello Anil.
I have GBPCAD 60 minute T/F to make a high of 2.0340 and an even higher one at 2.0415 before the drop.
The first high is based off of a Bat pattern, the other off a Butterfly.

I love EW and only wish I could do them.

You do great Anil.

Carol
+1 Reply
Thanks ,for sharing Carol. Let's see how it goes .
+3 Reply
yes I have this widge too
its going to be good trade
+1 Reply
Good analyze ... Under the 2.00000 it goes...The GBP is winning from the kiwi so maybe a good idea to trade CADNZD.
+1 Reply
expanding triangle?
+2 Reply
I Agree 100%. This pair is pausing, oscillating within a big time daily box.
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moorekapital moorekapital
snapshot
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I'm thinking of a short position at around 2.03 to catch the spike, then ride it down to the bottom.
+1 Reply
Definitely will keep an eye - good stuff Anil..
+1 Reply
Looking forward to it!
+1 Reply
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