Market is clearly in a downtrend
We could see LH and LL formations
And price just created a LL and its subsequent move is going to be a LH
WE CAN ENTER IF WE GET BULLISH REVERSAL CANDLES
Trade my set up at your own risk
Price forming a W pattern for a LONG
Also this can be interpreted as a double bottom for a long
And also a 100% fibonacci retracement
but we will only enter if market prints the bullish reversal candles
FX:GBPCAD
Trade THIS SET UP AT YOUR RISK
Thank You from POWERFXCOMMUNITY
GBPUSD LONG
There are 3 confluences for this
Price is forming that W pattern for a long
we are only advised to enter after we see bullish reversal pattern
please dont forget to apply risk management
Also the fibonacci retracement tool which can also indicate a buy when price get gets to the 100% zone that shows an exhaustion in sells ,
This can also be...
