RevenueTrader

Will GBPCAD Broke Below Local Structure Level

Short
FX:GBPCAD   British Pound / Canadian Dollar
Resistance Level - Price Reject the Resistance Level
Head and Shoulder Pattern - Head and Shoulders Pattern Indicate the Buyers are Losing Control Over the Market.
RSI Indicator - RSI Over-Bought and RSI Divergence indicate the Fading Momentum of the Ongoing Uptrend.

Trade Idea - Based on the Clues Above, We can expect a sell-off if price broke below the local structure level.

Trade Analysis from - Trade Revenue Pro

Comments

Missed my short entry with 3 pips lol...
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I have this kind of markup on gbpcad from a MTA point of vew
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