The GBPCAD Short

We talked about GBCAD yesterday, we told that if it breaks the trendline coreects a bit we are going to sell it. The break allready occured.
we are waiting for a flag formation right now and then its ready for a bigger sell.

THE ENTRY

Okay, so now we need to moove to a smaller char to see a flag.
I have mooved to a 15 min chart and am going to enter in a sell when a big bearish 15min candle that closes underneath the 15 min trendline occurs.

That should look something like that:


If you want to know why is GBPCAD ready for a sell, look at my previous GBPCAD post.