Hello Traders,
GBPCAD is setting up for another push down. Looking at the HTF, price is moving within a falling wedge reversal structure which is struggling to break above 1.566. On the LTF, price is correctively moving within an ascending channel to the upper boundary of the HTF which a reverasal is expected. Only if i get a bearish confirmation will I then be entering this trade.
Trade Safe
Thanks
GBPCAD is setting up for another push down. Looking at the HTF, price is moving within a falling wedge reversal structure which is struggling to break above 1.566. On the LTF, price is correctively moving within an ascending channel to the upper boundary of the HTF which a reverasal is expected. Only if i get a bearish confirmation will I then be entering this trade.
Trade Safe
Thanks
Related publications
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.
Related publications
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.