🧠 GBP/CAD Short Setup | 4H Analysis
I'm eyeing a short opportunity on GBP/CAD based on a confluence of key technical signals:
🔹 Entry: 1.86361
🔹 Stop Loss: 1.88000
🔹 Take Profit: 1.81452
🔹 RRR (Risk-Reward): 1:3+
🔍 Analysis:
Price tapped into a higher time frame supply zone (S&D) and showed a clear rejection.
We've seen a Break of Structure (BOS) followed by a bearish reaction.
Price is respecting the ascending channel, showing signs of exhaustion near resistance.
Potential for continuation to the downside targeting previous structure lows.
📌 If price respects the current S&D zone and fails to break above 1.88000, continuation lower remains valid.
📉 Trading Plan:
Monitor lower timeframes for additional bearish confirmations and entry triggers before full commitment.
⚠️ Disclaimer:
This post is for educational purposes only and should not be considered financial advice. Please trade at your own risk and always follow your risk management rules.
I'm eyeing a short opportunity on GBP/CAD based on a confluence of key technical signals:
🔹 Entry: 1.86361
🔹 Stop Loss: 1.88000
🔹 Take Profit: 1.81452
🔹 RRR (Risk-Reward): 1:3+
🔍 Analysis:
Price tapped into a higher time frame supply zone (S&D) and showed a clear rejection.
We've seen a Break of Structure (BOS) followed by a bearish reaction.
Price is respecting the ascending channel, showing signs of exhaustion near resistance.
Potential for continuation to the downside targeting previous structure lows.
📌 If price respects the current S&D zone and fails to break above 1.88000, continuation lower remains valid.
📉 Trading Plan:
Monitor lower timeframes for additional bearish confirmations and entry triggers before full commitment.
⚠️ Disclaimer:
This post is for educational purposes only and should not be considered financial advice. Please trade at your own risk and always follow your risk management rules.
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.
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.