GBPCAD: Expecting a bearish move after retesting resistance
My overall bias on this pair has been bearish for a while. Previous levels of support have been respected as resistance recently in this downtrend.
Yesterdays daily candle closed as a bearish pinbar indicating that the buyers are struggling to move the price higher.
I'm placed a sell limit order in anticiation of one last bullish move before a bearish move to the next level of support.
Entry: 1.786
SL:1.7952
TP:1.775
Yesterdays daily candle closed as a bearish pinbar indicating that the buyers are struggling to move the price higher.
I'm placed a sell limit order in anticiation of one last bullish move before a bearish move to the next level of support.
Entry: 1.786
SL:1.7952
TP:1.775