Hello traders,
After the impulsive move downwards we saw a nice retracement followed by some consolidation zone.
This made us put the GBP/CAD pair on our watchlist.
As now it was forming a fake-out and we saw the move down that we wanted to see.
After the break of structure to the downside we saw the market form some divergence and data is showing is we prepare for the next move down.
We might enter the way showed, when indicators are algined with the market structure.
Happy trading!
After the impulsive move downwards we saw a nice retracement followed by some consolidation zone.
This made us put the GBP/CAD pair on our watchlist.
As now it was forming a fake-out and we saw the move down that we wanted to see.
After the break of structure to the downside we saw the market form some divergence and data is showing is we prepare for the next move down.
We might enter the way showed, when indicators are algined with the market structure.
Happy trading!