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GBPCAD H16: BEST Levels to SHORT +300/+600(SL/TP)(SWING) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. tagged as SHORT because I expect more losses after break down of bear flag .
🔸 Summary and potential trade setup ::: GBPCAD 16hour/candle chart review ::: updated/revised outlook ::: still valid as of right now ::: BEAR flag pattern - BREAKDOWN SOON! ::: previously distribution now it\s ::: breaking down ::: BEARS will targe 6740 ::: short sell any rips/rallies ::: because we are going lower ::: BEARS maintain short-term control ::: 6740 is a required print now BEARS ::: BEARS can short at MARKET NOW ::: hold your shorts (BEARS) until 6740 ::: or short sell rallies/rips ::: recommend to seek SELL SETUPS ONLY ::: recommended strategy: SHORT AT MARKET ::: TP1 bears is 6940 TP2 bears is 6740 ::: final TP BEARS is 6740 ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 6740 fresh demand zone ::: 9460 fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS ::: Sentiment outlook mid-term: BEARS
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