Optimum369

20 Reason for sell GBPCAD

Short
FX:GBPCAD   British Pound / Canadian Dollar
update 04/09/2022

1 Structure 12 : bearish
2 imbalances :\Target marked
3 Current Move 12:impulse
4 Entry TF : H1
4.1 ETF Structure: Bearish
4.2 move : IMPULSE
5 Support Resistance: resistance at OB
6 FIB: wait for retracement
7 candle Pattern: momentum
8 Chart Pattern: Falling base falling flag
9 Volume : after a rally volume dried VAS
10 Momentum: Resistance in 60 level RSi
11 Volatility : Excepted volatility Diverges BOLLINGER BANDS
12 strength: highest weakness excepted ADX
13 Sentiment : extremely weak ROC
14 Final conclusion: wait for retracement or confirmation
15 Buy /Sell/Wait : Sell
16 Entry: 1.5152
17 Sl:1.5185
18 Tp:1.4701
19 Risk to reward Ratio:1:14
Excepted Duration : 8 days

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