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fximperija
Apr 13, 2014 8:05 PM

2 shorts on GBPCAD Short

British Pound/Canadian DollarFXCM

Description

The small H1 bearish butterfly completed @8367 afterwards the PA ret. to 8311. The RSI shows strength and near overbought zone which could be a sign of more bullish movement towards the 8424 re. where the bigger H4 bat completes. The PRZ is marked with 8424-8447. Above 846 the pattern becomes invalid with strong bullish bias towards previous highs.
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