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elvincarigma
Mar 25, 2018 4:58 AM

GBPCAD, H4 Short

GBP/CADOANDA

Description

I have a strong bearish bias in the market since the candle touched the trendline and rejected the resistance line in W1 that now has become a support. Stochastics in W1 also shows that the price is overbought showing a stronger possibility that the price will go down. TP1 @ 1.8110 in the area of MA 100, then it breaks the zone, signals that it will try to reach MA 200 TP2 @ 1.7910.
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