GBPCAD - Overview on Daily Timeframe - Short Opportunities

FX:GBPCAD   British Pound / Canadian Dollar
Following our previous weekly overview, we are expecting a big downside on this GBP pair as well. We have been observing OANDA:GBPCAD closely, waiting for it to break the top on the daily, before looking for a downside. Now that it recently has, we are monitoring the pair even more closely, in order to identify possible reversal patterns. A trade not to be missed, if and when this happens. In fact we believe that the pair is in a big weekly correction for more downside, with a target all the way to retest previous lows in the 1.58 area and further, towards the 0.27 extension of the precedent downward movement.
Updates on smaller timeframes will follow.

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Thank you for viewing.
until now it is THE trade to miss honestly
TradingClear lapin_eliott
@lapin_eliott, we couldn't agree with you more.
As a matter fact, we clearly stated "if and when this happens". In our smaller timeframe analysis, we are also suggesting a very conservative approach for this specific trade, as we take trading analysis in very seriously. Regards,
lapin_eliott TradingClear
@TradingClear, the volume of exchange on this pair for the last three weeks was really huge but for a narrow range, hope it heralds that a big reverse is under way ...
closely looking on it too..great analysis
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