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VladimirRibakov

GBPCAD Sell Idea

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Paun British / Dolar Kanada (FX:GBPCAD)  
VladimirRibakov  
FX:GBPCAD   Paun British / Dolar Kanada
Trend Analysis GBPCAD SELL Trend Line Break Parallel Channel doublewave magnetzone bearishdivergence
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trendanalysis gbpcad sell trendlinebreak parallelchannel doublewave magnetzone bearishdivergence
D1 - Price broke below the uptrend line and is currently moving inside a bearish channel. Price is at the middle of this channel.

H4 - Potential double wave up forming. We have a magnet zone that has formed based on the 61.8, 100 fibo levels and the top of the daily bearish channel.

If the price manages to reach this magnet zone with bearish divergence to form, we may then look for more evidences of bearish reversal and start looking for sells.
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