GBPCAD SHORT
Updated
X marks the Spot.
For a Bearish Price Action, I posted last week on a Bullish setup on this pair, but we had a failed breakout on this cross as Bears drove it back down into the Range. I'm skeptic about taking a SELL as the previous candles are showing Higher lows. If we do break out of the Local Low, look for 1.58380 to scale first profit. 2nd Target at 1.54885
For a Bullish Price Action, A close back UP, reactivates my Bullish setup.
I am neutral on this pair.
For a Bearish Price Action, I posted last week on a Bullish setup on this pair, but we had a failed breakout on this cross as Bears drove it back down into the Range. I'm skeptic about taking a SELL as the previous candles are showing Higher lows. If we do break out of the Local Low, look for 1.58380 to scale first profit. 2nd Target at 1.54885
For a Bullish Price Action, A close back UP, reactivates my Bullish setup.
I am neutral on this pair.
Order cancelled
Bearish setup invalidated.
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