GBPCAD Maybe have an opportunity to short
Price retested the structure of 1.65700
Buyer failed to push the price higher than the first top
and there is the first time to touch the moving average
which shows the bullish momentum is exhausted.
If price break 1.65700 and the same time candle sticks are good
what we can do is to short trade because of these reasons
With SL above 1.67000 and follow trend
No TP
Best
Benoni
Buyer failed to push the price higher than the first top
and there is the first time to touch the moving average
which shows the bullish momentum is exhausted.
If price break 1.65700 and the same time candle sticks are good
what we can do is to short trade because of these reasons
With SL above 1.67000 and follow trend
No TP
Best
Benoni
Trade active
Now we can move SL to above 1.64600Trade closed: stop reached
stop reached:price breaks 1.64600,hit SLNote
short@1.65700 and close @1.64600+110 pips
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.