OANDA:GBPCAD   British Pound / Canadian Dollar
GBPCAD Has been in a downtrend on the daily for a while now. If we look at the H4 we can see that price has pulled back into a flipzone (Support turned into resistance). I will watch price action at this level and look for possible entry opportunities on the smaller timeframes such as the H1 to short the market and continue the downtrend. If I see no candlestick confirmation, then I will not enter.
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.