GBPCAD, 4hr tf, sell elliott wave 5th wave
Hello my friends,
For today, i am gonna trade GBPCAD again.
Previously i took +170 pips profit banking 5.6% profit from a sell setup that i shared at November 4th.
This setup gonna be a continuation of previous wave analysis that i shared at October 30th
As you can see, i expect price to go down again because we still on the 4th wave right now.
Price could drop to around 1.7000 - 1.6960 which is around 170-210 pips drop from this point.
This is also supported by the last few candles of GBPCAD showing sign of reversal.
There is inside bar exactly at resistance and doji candles showing indecision.
Sell GBPCAD 1.7170
Stop loss 1.7240
Take profit 1.6960
RR ratio 1 : 3 (3R)
Use only 1-2% risk
Good luck
For today, i am gonna trade GBPCAD again.
Previously i took +170 pips profit banking 5.6% profit from a sell setup that i shared at November 4th.
This setup gonna be a continuation of previous wave analysis that i shared at October 30th
As you can see, i expect price to go down again because we still on the 4th wave right now.
Price could drop to around 1.7000 - 1.6960 which is around 170-210 pips drop from this point.
This is also supported by the last few candles of GBPCAD showing sign of reversal.
There is inside bar exactly at resistance and doji candles showing indecision.
Sell GBPCAD 1.7170
Stop loss 1.7240
Take profit 1.6960
RR ratio 1 : 3 (3R)
Use only 1-2% risk
Good luck
