AXLee27

Weak bounce, potential bear flag

Short
OANDA:GBPCAD   British Pound / Canadian Dollar
GPB/CAD is in a downtrend that can be defined by two ways: 1) lower low and lower high 2) price below 200 EMA (green MA). There's a weak bounce that is potentially forming a bear flag. Trade with the trend. And the trend is currently down. An entry trigger can be the break of the low.

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.