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AkashGaur
Aug 25, 2016 8:18 PM

GBPCAD two corrective patterns forming Short

British Pound/Canadian DollarFXCM

Description

Hello traders have two possible corrective patterns that can form on this pair. First one being a descending triangle and the second one being a flat correction. This is the 4th intermediate wave of the channel so a flat correction is more likely to be formed.
Please check out the charts attached with the idea





Also looking at the harmonics on this pair, we have a bat pattern finishing near our target



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