GBPCAD is on an uptrend but we are looking for a sell here.
This is a counter trend but here is why we are selling.
Trend:
W1: Up
D1: Up
H4: Up
Moving Average:
Above the Daily MA
H4 pointing upwards
Pattern:
AD=CD on H4
Strong resistance at 1.7340
Double top on H1 and lots of divergence
Stop loss of 40 pips and a target of 120.
This is a counter trend but here is why we are selling.
Trend:
W1: Up
D1: Up
H4: Up
Moving Average:
Above the Daily MA
H4 pointing upwards
Pattern:
AD=CD on H4
Strong resistance at 1.7340
Double top on H1 and lots of divergence
Stop loss of 40 pips and a target of 120.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.