Downtrend Structure Rejection at Resistance Confirmation candle
Short opportunity for EJ Rejection at Supply Zone with alignment of 50% level fib retracement and below 200MA strong for Short Entry.
I will short entry because of supply zone in 1hr timeframe with Divergence Sign of Reversal You can Risk Entry at the supply zone or wait for the confirmation.
Possible Long Entry for this Pair the momentum of the trend is Bullish Wait for the confirmation at the demand zone to take Entry
Buy High Probable Trade Set Up Divergence Demand Zone Alignment with fib golden zone 0.50/0.618 level High Risk Reward
Bullish Trend Rejection 0.618 level with alignment of Demand Zone
Divergence Confirm from the demand zone other confirmation once it retrace and reject at 0.5 / 0.618 Fib level Hidden demand at 1HR time frame alignment with the fib golden zone High Volume from the demand
Good sell Entry once it pullback at 0.618 level and wait for the confirmation Candle or Rejection at that level.
Bearish Divergence in Daily /4HR time frame Break the support and become a resistance Retest the resistance Level Good for Short Entry
3rd Touch of Flag pattern higher TF is bullish so good for long entry
Breaking Trendline Moving average Cross in 5mins Top at higher Supply Zone
Breaking Trendline and Retest Fib Golden Zone Rejection at 61.8% level Top in Higher Supply Zone
BAT PATTERN AB=0.50 BC=0.886 CD=0.886 of XA fib Retracement (D) Should also represent a 161.8 to 261.8 of BC fib retracement Another confirmation in lower timeframe has creating a divergence.
High probability short for GBPCAD because I see a divergence in H1 TF and also the confluence of CYPHER PATTERN
The HTF bias is bearish that's why I'm taking short set up then i see rejection at the resistance level and find entry at LFT which i see a Change of character that sign of change of direction this is only scalp trade.
Resistance Area Rejection with bullish engulfing candle Left behind a IMBALANCE need to be filled.
Possible sell opportunity if we can see a candles confirmation at level price of 0.69437