Likely Short on GBPCAD til price hit bottom side of Long channel
Notice that Price was going long on 4hr timeframe. We are now at the bottom of the golden zone. It could keep price going down for lil while. A huge gap up caused a corrective downtrend or deep retracement back into the
long channel. I see price going short with occasional pull backs until price resumes Long channel. But of coarse news and current Brixit politics could disrupt that long channel and cause a major shift. We must be ready for everything.
long channel. I see price going short with occasional pull backs until price resumes Long channel. But of coarse news and current Brixit politics could disrupt that long channel and cause a major shift. We must be ready for everything.