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Gbpcadshort

GBPCAD: Bearish Targets Once It Breaks Trendline Support1. GBPCAD bounced from the falling channel's resistance 2. A weekly close below the critical support & resistance of 1.7250 area 3. Hidden Bearish divergence in play to push it further down 4. Now it's holding the rising trendline support Trade Idea: Sell trade will be triggered on a break of the rising trendline and successful retest as a resistance. Target 1 is 1.6620 Target 1 is 1.6280 Invalidation: Break above the resistance of 1.7250
Short
by moneytize
GBPCAD - Long Hold Sell Opportunity Potential long-term sell opportunity on this pair, strong bearish pattern currently selling from resistance zone at 1.71. I am expecting price to action a re-test at 1.685 and reject on H4 and daily time frames, to continue bearish movement long-term. If 1.67845 key level is broken in the short-term, there is a strong likelihood that we can expect price to continue to sell to 1.666. Even longer term - if breaks this level, 1.62 would then be targeted with possible potential to reach 1.59. My technical indicators also strongly support this analysis.
Short
by jamesmargetts
1