GBPCAD - Short Outlook - Possible Swing Trade Idea, 18 June 2020
With out triple top/rejection on the Fib level 78.6 we see further downside on this pair.
Approaching the trend line , price action appears to be breaking through. Should we get a daily or weekly close below this trend ,we could see a massive shift in momentum.
Wait for retest of the ascending trend line and appropriate confluences to verify short position.
Approaching the trend line , price action appears to be breaking through. Should we get a daily or weekly close below this trend ,we could see a massive shift in momentum.
Wait for retest of the ascending trend line and appropriate confluences to verify short position.
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