GBP/CAD Short Opportunity

2019-12-08 09:09:48

After a long period of corrective price action in the form of an ascending channel, we can see price is approaching a high value area on the larger timeframe structure. With a little more development, we may see price momentum slow down further for a move to the downside. Personally I’ll be looking for shorting opportunities in the form of a sell stop below previous structure. Happy trading folks!