GBPCAD (short trade)
Base on One hour and Four hour chart,
1 hr and 4 hr MACD - going down
1 hr and 4 hr STOSH - going down
daily - going up
technically it is good to do a pullback trade on next trading day if the price isn't break the previous high.
entry price place around 1.1600 / 1.16700 and aim for 50 to 100 pips TP and SL.
Base on 1 hour trading chart, period from 1st of August to 28 August.
EURJPY would likely to continue it drops from last Friday after POWELL spoke.
and from the chart I can clearly see a hammer candlestick which is a strong sell or price rejection signal.
so I strongly believe base on technical chart, we can seek for a short position.
trading to setup on MONDAY ...
