GBPCAD had a decent slow and choppy retracement up to 50% My view is and has been a longer term bearish move. Anticipating on a possible flag formation on lower time frame (possible H4 or even H1) Keep in mind that ema200 on Weekly chart has acted as a great hold of Dynamic S&R A daily action on Monday for a red day closed would be preferable to open up more continuation.
Trade smart and trade safe.
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Moving fast after a choppy/corrective couple days.
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Follow through
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Tp1 done Expecting a bounce here with some corrections before another move down.
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Got that bounce as anticipated. Sometimes I scare myself lol
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Correction week so far, Let's see if CAD news will provide a continuation or a deeper correction.
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Finally broke out.. lets see if we can get some continuation move
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Adjusted TP to 0.7082
2 things to always always and Always keep in mind 1. Discipline 2. Patience All great investors or traders will speak the same tone. One must build it into your second nature to follow. The other stuff will work itself out.
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Done. Very good trade with low risk. Now it’s time to seek an opportunity to trade the deeper correction