GBPCAD Short
Price Action Trading
Daily Bias Bearish
Price broken through daily support level and formed a flag pattern towards the broken support (turn resistance)
Price broken through the flag support trendline and also broken below the H1 support level. Price is seems bearish. Set a short trade at broken H1 support level confluence with Daily resistance level and close to broken support trendline. SL above the swing high in flag and TP at next daily support level with R:R 1:4
Fundamental
GBP is bearish
CAD is kind of neutral with no direction.
Daily Bias Bearish
Price broken through daily support level and formed a flag pattern towards the broken support (turn resistance)
Price broken through the flag support trendline and also broken below the H1 support level. Price is seems bearish. Set a short trade at broken H1 support level confluence with Daily resistance level and close to broken support trendline. SL above the swing high in flag and TP at next daily support level with R:R 1:4
Fundamental
GBP is bearish
CAD is kind of neutral with no direction.
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