GBPCAD Ichimoku Cloud Indicator: Possible Short Position
GBPCAD 4H:
Recent cross with the conversion & base lines indicates price will continue to fall. Along with that, price is transitioning to below the cloud from above it. Keep an eye out on this one as it's good opportunity to make a position today.
*I'm definitely not a pro with this indicator, so watch this closely and find other indicators to support this position. Just trying my best to read this correctly as often as I can.*
Recent cross with the conversion & base lines indicates price will continue to fall. Along with that, price is transitioning to below the cloud from above it. Keep an eye out on this one as it's good opportunity to make a position today.
*I'm definitely not a pro with this indicator, so watch this closely and find other indicators to support this position. Just trying my best to read this correctly as often as I can.*
Note
On the 1H:Conversion Line had plateaued with the base line, now on a steep down trend below the base line. Looking better as it resisted crossing and fell further.
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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.