GBPCAD Sell
There's a growing sense of caution around GBPCAD. While recent technical indicators have suggested a strong buy, a closer look reveals potential exhaustion from buyers, particularly at key levels across multiple timeframes.
Key Levels and Exhaustion:
Weekly, Daily, 4-Hour Charts:
GBP/CAD is currently testing resistance on its weekly, daily, and even 4-hour charts. This confluence of resistance points suggests the pair might be struggling to push higher.
Buyer Exhaustion:
The recent rally might be losing momentum. We could be seeing signs of buyer exhaustion, where the bulls are running out of steam after a significant upward push.
I have entered a sell position and look to hold it overnight into tomorrow, to see how CAD and USD news affect the seniment.
Entry: 1.75929
Stop: 1.76275
Profit: 1.74503
1:4 RR - Risking 1% in the hope of hitting 4% returns.
Key Levels and Exhaustion:
Weekly, Daily, 4-Hour Charts:
GBP/CAD is currently testing resistance on its weekly, daily, and even 4-hour charts. This confluence of resistance points suggests the pair might be struggling to push higher.
Buyer Exhaustion:
The recent rally might be losing momentum. We could be seeing signs of buyer exhaustion, where the bulls are running out of steam after a significant upward push.
I have entered a sell position and look to hold it overnight into tomorrow, to see how CAD and USD news affect the seniment.
Entry: 1.75929
Stop: 1.76275
Profit: 1.74503
1:4 RR - Risking 1% in the hope of hitting 4% returns.
עסקה פעילה
עסקה סגורה: הגיע לסטופ
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.