GBPCAD: Shorting on a probable pullback! #forex
**Update : This trade i didn't publish here, but i took a short at 1.9300, i closed my first half at 1.9150, and got stopped out on the second half at break-even..
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The pair could be ready for a pullback
- The price hit a confluence of monthly resistance and 161.8 extension level for the latest bearish wave
-RSI is showing bearish divergence
-A pin bar at that resistance area
-Invalidation could be if we see stability above 1.9370, with at least a daily closing.
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Good luck, keep your stops tight..
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My best regards
Technician
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The pair could be ready for a pullback
- The price hit a confluence of monthly resistance and 161.8 extension level for the latest bearish wave
-RSI is showing bearish divergence
-A pin bar at that resistance area
-Invalidation could be if we see stability above 1.9370, with at least a daily closing.
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Good luck, keep your stops tight..
twitter.com/thefxchannel
www.facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
