SHORT GBPCAD (simple analysis)
So here is why you should short GBPCAD:
-Downtrend
-Fib retracement at 50% level
-Falling wedge (we are currently at its topper length)
-Bearish Engulfing candle
-Moving averages crossed
-High sup/res zone (orange line where candle closed bearish)
-Downtrend
-Fib retracement at 50% level
-Falling wedge (we are currently at its topper length)
-Bearish Engulfing candle
-Moving averages crossed
-High sup/res zone (orange line where candle closed bearish)
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.