GBPCAD - They just love the Fast Fake moves to lure the crowd.

This is another nice trade of 78 pips originated yesterday and this is the story:

1. We have hit a major Resistance

2. PVR says sellers at top

3. The reaction was the highest down volume wave with linear pip move since 20th of July

4. A fast wave reaching all the way to the Fib. This move is not justified with any previous waves having the Effort vs. Result effect therefore "99% FAKE MOVE"

5. PVR says Sellers at top of Fib

6. ..... PS for the entry ( I was in before that, visible on chart).