Short Term Buy ( pullback ) ConsolidationGBP has seen a lot of Bearish Pressure and with the failure to break and meaningful highs on the higer time frame, constant 23.6 retracements are sign of continuation/ consolidation , has struggle to break past the lows, based on the technical and market sentiment its ranging between 0.00% and 23.6 % . Any news could shoot gbp/usd in any direction right now overall gbp is bearish as a currency.
Wsatraining
USDCAD ShortDaily Trendline being respected
H4 - Price came up to 61.8 FIB, touching a H1 Exhaustion Zone before reversing back to the downside, Creating a FAT Bearish Engulfing
H1- Cross of MA's, Multiple Bearish Engulfings, Minor Structure was broken and retested
< H1 - Minor Trendline Break and Retest,
Already in the trade
1st Entry @ 1.30666
2nd Entry @ 1.30456
Going to be looking for potential entries to come in the week
Had entered early @ 1.30622 but got stopped out due to being impatient and not waiting for confluences/confirmation