Hello all traders , i just see the bearish wave on GBPCAD on the daily time frame will end soon , we now run in a corr wave 2) which is close to the low @16-8-2012 in my opinion i think this wave will end soon and give us a very nice chance to run bullish again and catch the rising wave from the beginning , any daily close below 1.5510 mean that market running against our position  , in this case we will exit in our entry point again with ZERO LOSE , so what about the targets , as it's appear in my chart , at least we will 1.5860 as a 1-st Target , then we have to visit 1.5990-1.6055 as a last target area till now , wishing u green pips all 

PS : This is a MIDTERM position , So u can use it for SHORT TERM on ur own risk