Since GBPCAD Daily is in a resistance zone, I am interested in a short opportunity.
In the H1 time frame, I have identified two possible scenarios
- Aggressive Short on a break of trend line to 1.80200 level
- Conservative Short on a break of 1.809 all the way to 1.8020
** Note: Price may push higher due to dropping oil prices. So no short until one of the above conditions is met.
Good Luck
Check the Daily Setup here: www.tradingview.com/e/Nn7bZLIf/
In the H1 time frame, I have identified two possible scenarios
- Aggressive Short on a break of trend line to 1.80200 level
- Conservative Short on a break of 1.809 all the way to 1.8020
** Note: Price may push higher due to dropping oil prices. So no short until one of the above conditions is met.
Good Luck
Check the Daily Setup here: www.tradingview.com/e/Nn7bZLIf/