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NDOBObanks

GBPCAD Potentially Aggressive Sell-Off Coming Update!

Short
British Pound / Canadian Dollar (PEPPERSTONE:GBPCAD)  
NDOBObanks Updated   
PEPPERSTONE:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPCAD gbpcadshort gbpcadanalysis gbpcadforecast gbpcadsell gbpcadsignal priceactionanalysis
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trendanalysis chartpattern beyondta gbpcad gbpcadshort gbpcadanalysis gbpcadforecast gbpcadsell gbpcadsignal priceactionanalysis
We are looking for selling opportunities only due to the higher time frames remaining bearish.

Confluence factors:

  • Trendline breakout.
    Falling wedge breakout.
    Potential key-level breakout.
    Change from bullish to bearish market structure.



Comment:
Structure has been broken. We are waiting for the pull back to the key level area before we enter short.
Trade active
Comment:
Price seems to be gaining momentum to the downside. We are planning to hold this trade for the next two weeks.
Trade closed: stop reached:
We have been stopped out. It seems as if going to the new month that this pair will be bullish. With that being said we will only be looking for buying opportunities in the direction of the bigger picture trend.
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