GBPCAD Short term setup
Fundamental Analysis:
CAD Red Folders are providing hawkish liquidity to the any CAD pairs . While providing this information, My CAD analysis has aligned up with my technical analysis.
Technical Analysis: Given the structure couldn't break pass the false Higher high. and Daily levels following (MMM) We can see 3 level of drop before we see an extension to the next new high. For now the has a medium possibility of a chance to aim for a triple bottom setting down at the level of 1.78500. I'll be looking to take this short down to this area as my take profit zone.
Entry : 1.79819
Exit : 1.79988
CAD Red Folders are providing hawkish liquidity to the any CAD pairs . While providing this information, My CAD analysis has aligned up with my technical analysis.
Technical Analysis: Given the structure couldn't break pass the false Higher high. and Daily levels following (MMM) We can see 3 level of drop before we see an extension to the next new high. For now the has a medium possibility of a chance to aim for a triple bottom setting down at the level of 1.78500. I'll be looking to take this short down to this area as my take profit zone.
Entry : 1.79819
Exit : 1.79988
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