Short on GBPCAD
Daily Analysis.
We are seeing a Bearish-3-drives pattern which indicated a short movement.
Elliot's wave (12345) theory has been spotted thus indicating a reversal on the upward movement.
The support trend-line broke to the downside and had a little pullback.
A bearish engulfing candle has been spotted giving us a short signal.
This analysis has been inspired by JayGeehhh. Make sure u check his profile for more trading analysis.
https://www.tradingview.com/u/JayGeehhh/
Remember to apply Proper Risk management.
We are seeing a Bearish-3-drives pattern which indicated a short movement.
Elliot's wave (12345) theory has been spotted thus indicating a reversal on the upward movement.
The support trend-line broke to the downside and had a little pullback.
A bearish engulfing candle has been spotted giving us a short signal.
This analysis has been inspired by JayGeehhh. Make sure u check his profile for more trading analysis.
https://www.tradingview.com/u/JayGeehhh/
Remember to apply Proper Risk management.
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