TradingView
alphabetacharlie
May 15, 2014 5:44 PM

GBPCAD - Orange Bat goes for targets, after hitting support Long

British Pound/Canadian DollarFXCM

Description

After getting low but not stopping us out, because we but smart stops :) Market goes higher for target one. Target is at 1.8352. We may have trouble getting through blue dotted line (=support level becoming resistance), it matches right in 0.5 fibs of last leg of the move. We could see a retest of that structure level, then we have a double top with a 2618 trade opportunity. Either way we have a trade to make...
Comments
alphabetacharlie
On 15MIN CHARTS we have double top !

RSI shows a lower high at second top.
More