GBPCAD selling oppertunity
Okay, so im expecting a long term selling oppertunity on GBPCAD.
Why?
There is a strong weekly support just above it right now and it allso alligns with fibbonacci zone 61,8%.
But you don't want to just press sell while there is still an up trend right?
So how do we enter a sell position?
First we need to wait for it to break the 4h trendline.
After the trendline is broken, usually the flag is formed before the continuation (In this case i will be waiting for a flag on 1h chart)
This is how everything togather should look like:
My first target is around 1.735 but if the price breaks the weekly trendline we will be getting a LONG time of selling oppertunities.
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