GBPCAD - Ready For A 500pip Tumble!

9 ส.ค. 2023

GBPCAD is currently in a correction. We could very likely be in a 335 flat correction, which would make wave C 5 waves as opposed to the 3 waves shown in the chart. Either way, we'll be looking for a short from these levels.

Trade Idea:
- No safe entry for this trade
- Risk Entry now with tight stops above the recent highs
- Invalidation for this scenario will be once we move past the highs of 1.7333
- Main target is: 1.661 (500pips)

Please bare in mind this is a risk entry.

Goodluck and as always, trade safe!