Currently, this pair has closed with doji candlestick on the weekly time frame preceding a massive downside and pullback. This entire structure has more promising downside.
From H1, a signal for more downside is shown by a consolidation. Approaching the trade with a SELLSTOP @ 1.6164, sl at 1.6213 and tp1 at 1.59788, is a preferable option. We are open for more downside. Also, know that movement from GBP for the week will arise from BREXIT. Price at 1.6213 invalidates the set up.
HINT: If this set-up begin to play out, it is a quick eye-opener that there is high tendency of weakness on GBP across the board and strength on the CAD across the board.
Apply risk management.
#pipspaythebills #tradewithgeorgefx
From H1, a signal for more downside is shown by a consolidation. Approaching the trade with a SELLSTOP @ 1.6164, sl at 1.6213 and tp1 at 1.59788, is a preferable option. We are open for more downside. Also, know that movement from GBP for the week will arise from BREXIT. Price at 1.6213 invalidates the set up.
HINT: If this set-up begin to play out, it is a quick eye-opener that there is high tendency of weakness on GBP across the board and strength on the CAD across the board.
Apply risk management.
#pipspaythebills #tradewithgeorgefx
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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.