GBPCAD 4HR - SHORT DONT MISS THE FALL
A zigzag correction of ABC is completing for Subminuette Wave 2 and price is currently retesting the 61.8% Fibonacci Level.
There is also divergence on MACD indicating the bulls losing its buying power hinting a potential reversal.
SCENARIO
Recommendation: Sell
Wait for price to break the trendline downwards and Sell. Our first target is the channel support.
Goodluck.
There is also divergence on MACD indicating the bulls losing its buying power hinting a potential reversal.
SCENARIO
Recommendation: Sell
Wait for price to break the trendline downwards and Sell. Our first target is the channel support.
Goodluck.
Trade active
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.