GBPCAD Short: Cypher + Triangle + 500D SMA

Hey traders, looking for short opportunities at this level. I like a weak GBP and a strong CAD this week as the S&P is raging and should rally through the end of the year. Cypher is complete at this level as well as confluence with the 500 day SMA and a number of trendlines. Looking for bearish impulses as confirmation. May make a video to accompany this idea. Cheers.

Trade ist aktiv

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Pair rejected exactly at entry and is moving along nicely. SL moved to B/E

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The pair is starting to turn over and gain momentum. Moving along nicely. +99pips at this time.

Video to come...

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Great drop in GBP and spike in CAD on CPI and retail sales numbers this morning

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Still riding this trade out. Looks like we may see continued downside.