GBPCAD Short Setup

Updated
GBPCAD did a fakeout rejecting major resistance/downtrend line with a bearish engulfing on 4H , so i decided to open a short here , price also broke minor ascending trendline, volume slowed down near resistance, and we also got some bearish divergences on local top, i expect to price go down until our major Ascending Trendline.
Order cancelled
Closed almost at breakeven, gonna wait for more confirmations
Trade closed: target reached
For who that have entered, hit take profit today, i forgot to reenter later on
Chart PatternsForexforexsetupforexsignalforexsignalsGBPCADgbpcadanalysisgbpcadsellgbpcadshortTechnical IndicatorsTrend Analysis
My Telegram Channel
t.me/TheTradingWizardFREE

The Trading Wizard

Related publications

Disclaimer