TradingView
EliteTradingSignals
Feb 8, 2024 10:32 AM

GBP/CAD SHORT FROM RESISTANCE Short

British Pound/Canadian DollarFXCM

Description


Hello,Friends!

We are going short on the GBP/CAD with the target of 1.697 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.

✅LIKE AND COMMENT MY IDEAS✅

Trade closed: target reached

TP hit now!
Comments
EliteTradingSignals
What are your thoughts on GBP/CAD?
More