Description
⋅ GBPCAD is on an uptrend but we are looking for a sell here.
This is a counter trend but here is why we are selling.
Trend:
W1: Up
D1: Up
H4: Up
Moving Average:
Above the Daily MA
H4 pointing upwards
Pattern:
AD=CD on H4
Strong resistance at 1.7340
Double top on H1 and lots of divergence
Stop loss of 40 pips and a target of 120.