GBPCAD - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPCAD has been bearish trading within the falling channel in orange.
Currently, GBPCAD is approaching the upper bound of the channel.
Moreover, the red zone is a strong supply and structure.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red supply and upper orange trendline.
📚 As per my trading style:
As #GBPCAD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
