Mittsy
Short

GBPCAD Catch the retrace before the climb

FX:GBPCAD   British Pound / Canadian Dollar
Guys i have published this using the weekly time frame because i wanted everyone to see my reasoning behind this trade. I'm putting Elliot strategy into effect here as you can see a clear 1 to 5 climb so i'm banking on the ABC formation now. wave 5 has to be the shortest climb as wave 3 can not be the shortest. i have marked out support at around 1.93700 and that will be my target. Ichimoku providing low support which should so if price reaches this low might even be able to break lower. my entry is around 1.99760 but might enter earlier so i will keep you guys updated. PS. ill be keeping my eye on the 4hour chart to analyse direction. Goodluck me :) and you guys of course
Guys i am getting a little worried with this one for some reason, doing some research in the meantime i know it is early but i have moved my stop to break even or around 1.99650. i have a feeling it is not ready to drop but i will keep you guys updated
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Guys this trade is now active keep an eye out
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