Market Analysis

One thing trading has taught me:

You don't have to catch the entire move.

GBPCAD has already sold off significantly, but I'm not jumping in because I'm bearish.

I'm waiting for MY price.

Around 1.88326 is where I'll start paying serious attention.

GBPCAD SELL SETUP 📉

GBPCAD remains bearish on the 1H.

Price has continued breaking structure to the downside, and I'm now looking for a retracement into my POI before another bearish expansion.

🎯 Entry: 1.88326

🛑 SL: 1.88484

💰 TP: 1.87837

Let's see if price delivers the retracement.

did the sells trigger?

I'm watching out for buys but will wait for the Bearish trendline to the invalidated. But if it breaks the support, then I'll look out for sell continuations.

Price is just selling without retracing. this is one of those times where price doesn't come to your entry

Yeah. and today is the last trading day of the month of August, so there won't really be a good setup or price doing any good retracements. It will just be flowing.
Tomorrow will likely start with buys at that 1.8777 price level.