clear weekly doji rejection off a weekly timeframe along with the retest of structure - maaking the trade strong as its on a weekly
Deep pullback strategy.
working on a new simple flag and pole strategy tp being the length of the pole as the flag has broken and retested
looking for it drop back down to 77520 61fib uptrend as rejected downtrend 61 fib 2 posistions as it could break the channel downside
looking for some strong profits on closure of daily candle 3rd bounce tl simple but effective!
key zone for longs
weekly key zone
looking long to bank some big profits hopefully off the daily chart bounce of the daily trendline and 0.71 fib level.
Short on rejection on right shoulder
right shoulder 0.61fib strong indication to short
potential 3rd bouce of TL and sat on 0.618 fib
sniping on the right shoulder
as you can see if we hsve a 4hour rejection of the grey rectangle zone . this would create a head and shoulders formation and most probably make gbpcad drop many pips. prepare for the rejection :p
POSSIBLE 3RD BOUNCE OFF TL. KEY FIB LEVEL. IDICATOR SHOWING OVERBROUGHT. ALSO KEY RESISTANCE.
I THINK THAT THIS IS A KEY LEVEL TO SHORT WITH TWO POSITIVE FACTORS AS ITS SITTING ON 0.618 FIB LEVEL AND IN LINE WITH THE LEFT SHOULDER . SOLD HERE .
SELLING ON RIGHT SHOULDER AT FIB LEVEL ASWELL LOOKING FOR SROP TO EXTENDED FIB LEVEL.