GBPCAD (DAILY) BEARISH MOMENTUM
Bearish bias on GBPCAD.
Moving closer towards it apex with evident bearish signals in play,
Lower highs and lower lows following a clear correction phase.
Targets 1 & 2 clearly shown. Price action discount everything. Strict 3/1 risk reward ALWAYS.
Work in percents and pips NOT money. Psychology is key.
Awaiting a clear sell signal.
Moving closer towards it apex with evident bearish signals in play,
Lower highs and lower lows following a clear correction phase.
Targets 1 & 2 clearly shown. Price action discount everything. Strict 3/1 risk reward ALWAYS.
Work in percents and pips NOT money. Psychology is key.
Awaiting a clear sell signal.
Note
Approaching first target will see how price actions shapes up at this level and partial profits to be taken also halving the risk.
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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.