GBPCAD Long Trade Setup

9 Apr 2021

Unfortunately, the internal structure of the yellow C is a mess. That's why it's not clear if it's over. We may see more downside. But the bigger structure looks pretty clear. As you can see, my expectation is the C wave for a complete regular flat. So I'm waiting for a valid trade setup to place a pending order. What we have after the last low can be a trade setup, but I prefer to have a bigger one. That's why I haven't taken any action yet.