Knowledge & Profits
Be cautious buying. A bearish Butterfly Harmonic Pattern has just successfully completed on the DAILY Chart and these patterns are said to be 80% accurate.
We can already see a strong bearish candle with a wick to the upside. Big wicks = Big Clues
LOOK FOR SELLS BACK INTO THE ORIGINAL TREND. We are not reversal traders here we are trend traders and the original trend for GBPCAD is bearish were only see a pull back at the moment.
Last but not lease - Utilize proper risk management - 2% Maximum