GBPCAD Short
Updated
GBPCAD rejected major resistance with a bearish engulfing on 4H , so i decided to open a short here with half size , price also broke minor ascending trendline, consolidating a bit now, volume slowed down near resistance, and we also got a Bearish divergence on RSI on 4h timeframe, i expect to price go down until our major Ascending Trendline. High Risk High Reward.
Trade closed: target reached
Closed our Short on 1.67075, it was a small scalp on major resistance.
My Telegram Channel
t.me/TheTradingWizardFREE
The Trading Wizard
t.me/TheTradingWizardFREE
The Trading Wizard
Related publications
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.