GBPCAD: Hidden Bearish Divergence Confirming a 3rd Lower High Short

GBP/CADOANDA

Description

⋅ Jun 26, 2023 12:45 AM

We have some Hidden Bearish Divergence on the monthly MACD as the GBP is failing to get above the highs for the 3rd time. This could eventually lead to a huge breakdown that could take it all the way down to the 1.618 Fibonacci Extension.

Comments

TheFxAce

⋅ Jun 26, 2023 2:40 AM

Your sell setup is well thought out. Always enjoy reading your market insights.