fXVolume

GBPCAD Really Short Term Sell Set UP

Short
fXVolume Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Important Note:
1. Daily OBV is already Divergence
2. There are strong resistance that already tested
3. Double divergence is formed.
Comment:
Waiting for 3rd OBV divergence in 45 minutes. If obv is not formed, this will lower the chance.
Comment:
3rd OBV Divergence is formed. Get ready for down trend confirmation on lower time frame.
Comment:
Wait for confirmation.
Comment:
If OBV Divergence is not formed, it will cancel order because this is counter trend type.
Comment:
Divergent is formed. Really short term look like good.
Trade closed: target reached:
Yup really good just small pips. But nicely done.

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.