Very Good Setup For GBPCAD
Hi there my friend i'm here with another chart analysis
As you can see price reached to a level of resistance here and touched a down trend line at the same time on a higher time frame
On lower time frame price broke down of a trendline and made a new lower low and new it is pulled back to trend line but failed two times to make any new highes and is struggling on the resistence of an old high and we can open a very good short position from here on a very good r:r
I hope you can use this analysis and comment your thoughts on this setup
As you can see price reached to a level of resistance here and touched a down trend line at the same time on a higher time frame
On lower time frame price broke down of a trendline and made a new lower low and new it is pulled back to trend line but failed two times to make any new highes and is struggling on the resistence of an old high and we can open a very good short position from here on a very good r:r
I hope you can use this analysis and comment your thoughts on this setup
Penafian
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