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Mogwaison40

GBPCAD Potential Short Opportunity Into Resistance

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
Mogwaison40  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Technical Indicators
2
0
trendanalysis indicator
Looking for GBPCAD to retrace into area of (R) and wait for confirmation that sellers are being drawn into the market. The 4HR MACD is turning over and the pair is heading into a previous area of (S) turned (R). Sellers may take the pair down into the 1.6830 area on first attempts.
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