GBP/CAD final push short
Hello traders,
After seeing a MASSIVE impulsive move we had a long, long time of retracement. all the way to the last fib.
Than we saw the break of structure back below the level and we saw the break of the counter-trendline at the same time.
Indicators are showing the bearish signs, we might still see a retest of the last fib level so if you enter, set the stoploss above all structure.
Kind regards,
Tim.
After seeing a MASSIVE impulsive move we had a long, long time of retracement. all the way to the last fib.
Than we saw the break of structure back below the level and we saw the break of the counter-trendline at the same time.
Indicators are showing the bearish signs, we might still see a retest of the last fib level so if you enter, set the stoploss above all structure.
Kind regards,
Tim.
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.
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.