Fxprotrader
Short

GBPCAD Sell Opportunity After Breakout

FX:GBPCAD   British Pound / Canadian Dollar
380 15 13
Price has completed a five wave up move which ended with a sharp move to the down breaking the trendline acting as support to this five wave move. As we can see in the chart price has also retested the broken level and is about to sell off. A divergence with MACD supports my thoughts for going short with GBPCAD             .
Finally its going somewhere! :D
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Fxprotrader Piet.Hein
That's true..!
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Nice man, how do you get the macd to look like that. Thanks
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Fxprotrader Dougo222
Search for MACD 4C in the public library of indicators..
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Good luck ;)
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Fxprotrader Piet.Hein
Thank you a lot..
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Will it restesr to what point

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Fxprotrader SmilingSword
Now it's ok to sell.. Smaller correction is over
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nice setup, wht's the sl for sell ?/
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Fxprotrader pathaniasourabh
Thank you.. We have to wait for a correction to be over with a new breakout. Then you will place your stoploss above the previous swing point of your correction. If you want to sell now place your stoploss above wave 5.
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