sell at 142.700 tp 140.500
GBPCAD - I will be watching for a rejection candle between 1.76600- 1.77800. Most traders will set up a buy as it looks like the channel will be broken. However i believe that this is a bull trap. If there is no rejection at this zone, and price print a big bullish candle closing over this zone then this will indicate a bull run.
wait for a rejection daily candle at.86200-.86300 area from there we will soon see .81200. keep in mind that this is a long term trade. If there is no rejection candle then there will be no trade. price will have to get rejected at this area.
we are currently in wave 3, this will be a nice opportunity to ride this pair up and down in the following days to come.
YOU CAN BUY A SHORT TERM POSITION TO 1.32200 YOU CAN ENTER NOW OR PRICE CAN ALSO DIP A BIT MORE TO ABOUT 1.292 YOU CAN PLACE A BUY HER AS WELL. LONG TERM WE WILL SEE THIS PAIR RISE BUT ULTIMATELY FAIL AND COME CRASHING BACK DOWN.
WE WILL SEE A TEMP. BUY TO ABOUT 1.74700 AREA. FOLLOWING THAT YOU CAN START TO LOOK FOR ANOTHER LONG TERM SELL