FX:GBPCAD   British Pound/Canadian Dollar
14 0 7
6 months ago
The ( Ichimoku ) has started to indicate a bearish signal (the bright-green MA has just started crossing below the bright-red MA, as you can see)... In addition, the cloud-resistances above is also quite thick... (This is quite a significantly bearish sign; because the price & the crossing is taking-place more "underneath" the cloud...) So now the price is perhaps trying to retest the cloud-supports/resistances & perhaps will most probably make a pullback downwards...

The MACD has already started forming some kind of a peak below (as you can see); it might get deeper down most probably... However, the RSI is still around it's neutrality level of 50 (neither close to overbought nor oversold condition yet)...

But a break out above the cloud will invalidate this idea.

Trade safe.
Best regards.
6 months ago
Comment: A strong-caution on the 4h time-frame:

snapshot


AO/MACD looks to be turning upwards...

RSI crossed-over neutrality level of 50...

Thick Ichimoku cloud-supports below...

Any bearishness looks rather limited/restricted...

Trade safe.
Best regards.
Aiming to be a "marksman" in scalping & "speculation". As retail traders, we are just "speculating" these markets-volatility in our retail-trading-platforms (E.g. we do not physically owned 100-Lots of Gold nor is storing a thousand-barrels of crude oil)

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