GBPCAD Potential short opportunity as price reaches Swap zone and closed with few rejection candles, signaling potential short-term reversal. Price previously respected the HTF Resistance zone, this is an extra confluence that it may continue its bearish order flow towards the downside. For scalping and intraday, we can target the H1 demand zone below and turn trade into breakeven if holding for longer time.
Trade closed: stop reached
stopped out, price reacted only to the resistance slightly above
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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.