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Gbpcadshort

GBPCAD: very interesting signal on DailyHi Traders, This is my view on this cross for the next few days. #GBPCAD Waiting for today's candle closing below yesterday to confirm a bearish environment. Then I personally waiting for the impulse to end and a retracement as well. I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Trading Kitchen
Short
by kitchen_trading
GBPCAD Trade Setups - Bearish Outlook⭐️Key Takeaways⭐️ ✔️ Bearish bias at this level of resistance ✔️ Canadian GDP on Friday came in better than expected. ✔️ Pound was one of the top performing currencies last week ⭐️Technical Analysis⭐️ Daily doji suggests the bulls are starting to get exhausted. 1 hour however doesn't look too aggressive towards the downside just yet which leaves me to believe we might get another test of the daily resistance before we trend lower. In terms of risk to reward, sell limits are favorable on another push back up to resistance. If daily timeframe manages to break lower that would also signal some further correction with this pair. Regards, Michael Harding RISK DISCLAIMER Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
Short
by Michael_Harding