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Cc6390
Jul 13, 2020 8:14 PM

GBP/CAD 2H SHORT! Short

British Pound/Canadian DollarFXCM

Description

POSSIBLE SHORT
price was rejected back in June .

At the beginning of this month we saw price begin an upwards push .

price has recently then failed yet again to break through the red level of resistance and is descending down .

i will wait to see if price will breakout of this upwards push around the green arrow

followed by a retest with a rejection in sink with the yellow path.

i will continue to wait until price has cleared the orange arrow as a possible rebound may happen at the lower green line.

if areas are cleared and confirmed then i will take my entry point.
Comments
thepastorelli
Nice idea 👌, good analysis.
Cc6390
@robb119, oh thank you kindly

there could possibly be a head and shoulders pattern forming , so its looking interesting
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