Get on the board next GBP/CAD station is "Crash":(Part 3).
Market is moving bearish 4H/1H.
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.69877 or 1.70372, then back to 1.68253.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and CAD.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
If you have any questions do ask in the comments.
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.69877 or 1.70372, then back to 1.68253.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and CAD.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
If you have any questions do ask in the comments.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.