GBPCAD in a triangle, ready for the big up move

14 Şub 2017

GBPCAD seems to be in a triangle formation, inside a running flat.
It is either going to start its impulse at "E" point, or re consolidate slowly all the way to re-test the running flat's lower trendline, around the 1.618 area.
Suggested entry points: "E" (1.63220) or 1.618.
Stop Loss: to be placed according to your strategy.
Target: 1.7152 (Yes, that's right !)

Updates will follow. Trade with care.

14 Şub 2017

Not

20 Şub 2017

Not

If you missed the long entry, wait for the end of the impulse, wait for a retracement or flag in proximity of the upper channel trend line and enter there. More specific updates will follow.