AkashGaur

gbpcad bearish setup

Short
FX:GBPCAD   British Pound / Canadian Dollar
Hello traders, have a potential short setup on this pair. We can see that pair made a lower high but there appears to be some bearish divergence on this pair. Also we can see that the pair has a trendline on top which it might respect. if it does expect a good fall in the pair. i am targeting 2.004 area for the short since it also appears to have some demand in that area. Also 2.027 can be a good area to short since there appears to be some resistance in the area as well.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.