THOUGHTS ON GBP/CAD
GBP/CAD 1M - As you can see with this pair I have gone ahead and marked out three areas of interest I feel price may come to trade up and into before we see price trade us lower longer term.
I am set on this market being a bearish one longer term that is what the 3 month structure suggests, giving us clear indications of bearish structure. We should therefore be looking for areas of interest to go short from.
With us having three areas to look to get involved from we just have to be patient now and wait for price to deliver us with the right pieces of confirmation in order for us to get involved.
With me following the laws of structure and Supply & Demand balance I will be waiting for relevant breaks. Once we have a break in structure in or around one of three areas thats when I will be looking to take part in the market with short orders.
I am set on this market being a bearish one longer term that is what the 3 month structure suggests, giving us clear indications of bearish structure. We should therefore be looking for areas of interest to go short from.
With us having three areas to look to get involved from we just have to be patient now and wait for price to deliver us with the right pieces of confirmation in order for us to get involved.
With me following the laws of structure and Supply & Demand balance I will be waiting for relevant breaks. Once we have a break in structure in or around one of three areas thats when I will be looking to take part in the market with short orders.
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