GBP/CAD: Bearish sentiment - Looking for the short entry!
Good Afternoon,
The pound has been bearish this week, if you followed my trades last week I made a healthy profit on GBPUSD trade which I was looking to hold longer however I closed that yesterday and banked some profits and will look to re-enter long if I see a new opportunity.
With this pair price seems to be moving south also - from the chart you can see the ascending trendline has been broken and if you look at the key S/R levels there could be some good points of entry for a short. I will personally wait for a retest of trendline and/or the support turned resistance above before making a move.
Let me know what you think!
Thanks!
The pound has been bearish this week, if you followed my trades last week I made a healthy profit on GBPUSD trade which I was looking to hold longer however I closed that yesterday and banked some profits and will look to re-enter long if I see a new opportunity.
With this pair price seems to be moving south also - from the chart you can see the ascending trendline has been broken and if you look at the key S/R levels there could be some good points of entry for a short. I will personally wait for a retest of trendline and/or the support turned resistance above before making a move.
Let me know what you think!
Thanks!
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.