Fxprotrader
Long

GBPCAD Potential Buy Setup

FX:GBPCAD   British Pound/Canadian Dollar
113 0 14
In my previous post on GBPCAD             (link below) i described a head & shoulders pattern which worked very well, and now we face another potential high probability buy setup. Price has broken a medium term downtrend and it looks like it's consolidating. In this case we should wait for this correction to be over and buy the market. For a much better risk reward ratio setup we may wait for another smaller degree pullback as shown at the chart.
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