GBPCAD weekly pin bar at confluence of resistance
GBPCAD looking to sell either the break below the weekly low or sell a retracement if it rallies higher (my preference = lower risk) will see if there are any zones of interest on lower timeframes on next chart
Ending diagonal has now been 100% retraced so a retracement is likely before any move higher, ideally to close the gap at 1.98214
If selling the break of the weekly low, likly will struggle to get 1:1 R:R so not the best trade
Ending diagonal has now been 100% retraced so a retracement is likely before any move higher, ideally to close the gap at 1.98214
If selling the break of the weekly low, likly will struggle to get 1:1 R:R so not the best trade
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Related publications
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.