Technician
Short

GBPCAD: Shorting on a probable pullback! #forex

FX:GBPCAD   British Pound/Canadian Dollar
1089 9 19
**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.

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hmm... Is this triple top or we gonna break resistance? RSI divergence is getting more significant (also look at weekly chart - there is huge divergence).
What do you think Technician ?
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I am short my friend at 1.9300
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Technician TOP Technician
Ok, this trade i didnt publish here, i closed my first half at 1.9150, and got stopped out on the second half at break-even..
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Technician TOP Technician
So am out of the trade now, but lets see if we get a new sell signal
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lets see how it goes, yes as u mentioned there is a clear divergence on triple up waves on the four-hour charts.. also on the daily... And we are testing a major monthly resistance. So the chances are higher we get a reactive bearish move.. But generally in trading as u might know, nothing is certain...
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I think 1.8900 would be good level to exit from this trade.
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Totally agree..:)
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Great work!!!. Thanks for sharing
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Looks good
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