GBPCAD - Follow the Bears!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈GBPCAD has been bearish trading within the falling channel in orange.

Currently, GBPCAD is approaching the upper bound of the channel.

Moreover, the red zone is a strong supply and structure.

🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the red supply and upper orange trendline.

📚 As per my trading style:
As #GBPCAD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Trade closed: target reached

TheSignalyst

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