SETUP: Trendline and Resistance. Wick to the top.
ENTRY: Bear Confirm candle on the smaller frames within the grey resistance zone.
SL: 1.6714. This may change depending if price moves up before pushing down.
TP 1: 1.6636.
TP 2: 1.66.
Note: GBPCAD is looking more bearish but I am aware of the emas below current price which may act as a support. If price moves down then the setup will be filled, if theres a break up, I will enter on the break and retest of the trendline and support.
News: GBP News release at 4:30am. If price lines up properly I'm looking for news to help push price to TP.
ENTRY: Bear Confirm candle on the smaller frames within the grey resistance zone.
SL: 1.6714. This may change depending if price moves up before pushing down.
TP 1: 1.6636.
TP 2: 1.66.
Note: GBPCAD is looking more bearish but I am aware of the emas below current price which may act as a support. If price moves down then the setup will be filled, if theres a break up, I will enter on the break and retest of the trendline and support.
News: GBP News release at 4:30am. If price lines up properly I'm looking for news to help push price to TP.
Note
SL hit.
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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.