GBP/CAD Consolidation Zone Trade

2019-11-18 06:39:11

This is a consolidation zone setup that I am monitoring for entry here shortly.

I am looking for a tap on our entry line for a chance to sell back down to the middle of the consolidation zone.

Ideally we would see a good rejection candle but we have such a tight stop I may just enter regardless as the loss would be so small.

If we fail to get a good rejection or a wick at our entry level, this setup may become invalidated.