GBPCAD Daily Analysis Update on the 4H
Morning Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : GBP/CAD
Time-Frame - Daily-4H
Biased - Bearish
Due to how strong the bearish momentum is picking up I've extended the take profit to the bottom of the broken pattern which is the rising wedge and will use trailing stop loss as price falls .
Daily from previous post on this pair - This outlook / trade is based on the foundation of a simple chart pattern based on the daily. A bullish daily channel has been identified and once the breakout took place we waiting for the pullback/retest of the channel with indication of continuation after a new lower low was created after the breakout .
This is where I would look for entry based on personal entry criteria/checklist.
Pair : GBP/CAD
Time-Frame - Daily-4H
Biased - Bearish
Due to how strong the bearish momentum is picking up I've extended the take profit to the bottom of the broken pattern which is the rising wedge and will use trailing stop loss as price falls .
Daily from previous post on this pair - This outlook / trade is based on the foundation of a simple chart pattern based on the daily. A bullish daily channel has been identified and once the breakout took place we waiting for the pullback/retest of the channel with indication of continuation after a new lower low was created after the breakout .
This is where I would look for entry based on personal entry criteria/checklist.
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