TradingView
Yearn-Forex
May 21, 2018 10:46 PM

GBPCAD: Wait for retest before selling. Short

GBP/CADOANDA

Description

Yesterdays daily candle closed as a bearish engulfing candle rejecting resistance. This indicates we could see more bearish momentum. I'll be looking for a sell if the market retests the zone at 0.725 which is a previous support zone on the 4 hour chart.
More