GBPCAD Short Trade Setup
A #short trade opportunity recently presented itself on the #poundloonie (#GBPCAD) #trading chart 📉.
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.72552 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.69500 psychological level and possibly testing the strength of the 1.69171 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.72552 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.69500 psychological level and possibly testing the strength of the 1.69171 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
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