authors

GBP/CAD Bearish Flag Reversal Near Demand Zone

Short
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FX:GBPCAD   British Pound / Canadian Dollar
Hello,

I am looking for confirmation to enter this trade due to the confluence embellished in technical analysis above. Upon receiving that confirmation, I will then look for a better entry on a lower time frame; thus allowing me to minimize risk. Please execute with your own due diligence. The financial markets are risky, I am not responsible for any capital loss.

Thanks,
Trade Wisely
Comment:
Taking partial, 180+ pips in profit.
Comment:
It's ideal to expect an additional 300 pip fall prior to actual reversal. Keep in mind, we are riding the impulsive wave, rather than the corrective. Follow the trend...
Comment:
2/3rd's of the way there, 200 pips in profit.
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