GBPCAD Sell Idea
D1 - Price broke below the uptrend line and is currently moving inside a bearish channel. Price is at the middle of this channel.
H4 - Potential double wave up forming. We have a magnet zone that has formed based on the 61.8, 100 fibo levels and the top of the daily bearish channel.
If the price manages to reach this magnet zone with bearish divergence to form, we may then look for more evidences of bearish reversal and start looking for sells.
H4 - Potential double wave up forming. We have a magnet zone that has formed based on the 61.8, 100 fibo levels and the top of the daily bearish channel.
If the price manages to reach this magnet zone with bearish divergence to form, we may then look for more evidences of bearish reversal and start looking for sells.
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.