GBPCAD → I believe a downward movement
hello guys...
if you check indicators like MACD or RSI you find out a divergence...
if you look wider and zoom out you see a three-drive pattern,
in my point of view, in this case, I assume an R:R 1:1 short position...
but for you, just wait until the price break out of the trendline and get a short position after retrace!
target 1: 1.6711
target 2: 1.66.06
target 3: 1.6414
target 4: 1.6315
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
👉 my broker:: bit.ly/HYMCMELI
____
👉 my exchange: bit.ly/LbankMeli
____
👉 my Autotarder: bit.ly/btse
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
👉 my exchange: bit.ly/LbankMeli
____
👉 my Autotarder: bit.ly/btse
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Related publications
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.