GBPCAD BIG BIG MOVES ARE COMING!

1. A new ground is forming at a very strong support level, in both D and W TF.
2. Right shoulder for a H&S in W TF could start soon.
3. Divergence in D TF.

I will wait for a break of the intraday high of April 18th.

Will post an update when the time has come, so make sure you follow me!

Happy Trading

Kommentar:

We may see a further move to the downside as the bias still seems to be more bearish than bullish.
A break of the bearish flag (4H) would be a great entry. Would wait for a close as we don't want to pull the trigger to early. TP around 1.8015-1.8000 area.

Nevertheless...Keep in mind both scenarios and always expect the unexpected!