Analysis:
GBPCAD 1H just printed double top reversal pattern, It has printed bearish divergence before. If the price breaks below 1.67656, it will be a sign of bear trend start. In this case we can enter in a short trade. For this trade the stop loss will be at 1.68739 which is the previous lower high level.
------ Trade ------
Chart: GBPCAD
Type: Short
Entry: 1.67656
Stop Loss: 1.68739
TP1: 1.66573
TP2: 1.65490
GBPCAD 1H just printed double top reversal pattern, It has printed bearish divergence before. If the price breaks below 1.67656, it will be a sign of bear trend start. In this case we can enter in a short trade. For this trade the stop loss will be at 1.68739 which is the previous lower high level.
------ Trade ------
Chart: GBPCAD
Type: Short
Entry: 1.67656
Stop Loss: 1.68739
TP1: 1.66573
TP2: 1.65490
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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.
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.