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jibzay
Mar 7, 2019 2:07 AM

GBPCAD - Simple Short Idea - Waiting for signal 

British Pound/Canadian DollarFXCM

Description

Al Significant long term resistance
Long term upper trend line
61.8% Fib level tagged
RSI at oversold levels
Extended away from upper Kelt - higher probability of price to pull back
Bearish RSI divergence on 4hr and 1hr timeframes

What I am looking for to go short
1. Reversal M pattern
2. Change in colour from white to red on Heiken Ashi
2. RSI, Stoch to point down

Over 500 points

Comment

Correction
*RSI at overbought levels*
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