GBPCAD POSSIBLE BEARS
Looking at this pair from the Monthly TF i noticed how the market closed below resistance and has obviously respected it by rejecting it, i won't also overlook how the Weekly closed strong bearish and below support now turning it into resistance, now looking closely at the Daily in which i've got lots of confluences for my bearish bias i noticed we're obviously in a bearish momentum and the market nicely went for a retracement in which appears to be over right now, i noticed how the market respected and nicely withdrew from Daily Resistance and now closed below Monthly/Weekly Resistance which appears to respected on the Daily TF, i won't also overlook how the market closed as an Hanging Man after the retracement so bears are fully confirmed and also i was able to plot a trendline which has been broken, so my H4 for entry has given me a valid entry which i won't talk about, so i'll patiently wait for market open to go short on this pair with a nice RR.
NOTE: ENTRY: 1.7363 TP1: 1.7305 TP2: 1.7250 TP3: 1.7182
NOTE: ENTRY: 1.7363 TP1: 1.7305 TP2: 1.7250 TP3: 1.7182
Penafian
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