GBPCAD SHORT
We can see that this pair has been very bullish for some time and may continue in that direction.
Though there is room for a pullback, it shows signs that it wants to.
added confluence:
4hr and daily divergence, double top formation, bearish 4hr candle stick rejection with imbalance.
Note, I will only be looking to enter a trade when the pair rejects the imbalance zone marked out and breaks and closes under a 15-minute low, anywhere under my entry line
Though there is room for a pullback, it shows signs that it wants to.
added confluence:
4hr and daily divergence, double top formation, bearish 4hr candle stick rejection with imbalance.
Note, I will only be looking to enter a trade when the pair rejects the imbalance zone marked out and breaks and closes under a 15-minute low, anywhere under my entry line
Order cancelled
I closed this trade just before the market close on Friday in profit because I don't personally like holding trades over the weekend, The pair has found support at an IRL zone and is rejecting with imbalance, 1hr internal BOS, LQ run. All looks bullish now
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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.