GBPCAD SHORT IDEA

4 ott 2015

Hi guys, just sharing my idea and seeking for advice too. As i see it ( you might not see it as i do ) we should expect some retracement of the major up trend that this pair is having. To justify that we have price going below 200ema, break of previous structure, and a possible head and shoulders pattern, our target could be 0.5 retracement, and zone of support and resistance, If price goes below this zone, we might test major trend line.

This is how i see this pair, every constructive opinion will be welcome.
As i am not an expert there is a big chance i am wrong.
Thank you for reading.
Happy trading.

Break below ema and structure on 4h