Short GBPCAD (Counter-trend trade)
Price has made a pretty good rally and signs of weakness near the previous highs. (Bearish shooting star formed/ bearish divergence)
Trend is definitely still UP but price looks ripe for a pull back to maybe 1.6350?
Preferable to trail with a TIGHTER stop due to this trade being counter-trend.
GBPUSD looks weak and I'm actually bearish on USDCAD.
Cheers and good trading!
Trend is definitely still UP but price looks ripe for a pull back to maybe 1.6350?
Preferable to trail with a TIGHTER stop due to this trade being counter-trend.
GBPUSD looks weak and I'm actually bearish on USDCAD.
Cheers and good trading!