GBPCAD POTENTIAL SHORT OPPORTUNITY

Hello Everyone!

How are you all?

Gbpcad is a pair to watch this week, because it is shaping up very nicely for a short trend reversal that we can capitalize on.

So, I will be looking for a short trend reversal because of the following reasons:

1. Potential Double Top

2. The price is forming a potential reversal structure.

3. The price is approaching the value area.

Game Plan:

If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.

Entry : will look for a risk entry within the flag or a reduced risk entry on the breakout of the flag.