GBPCAD Forecast (1st Week of December)
In the current market condition we are now on the high level
Confluence:
1. 3rd Touch of Daily Trend line
2. 3rd Touch of Ascending Channel
3. 1H Retrace
We are looking for a hover (Likely a bear flag) before we enter a sell position on the break
If the price will break impulsively & don't create a bear flag (Red Drawing) we are looking for a Continuation Pattern to enter
Keep it simple & Happy Trading Guys!
Like if you agree :)
*This Market Analysis is for educational purpose only. Trade at your own risk*
Confluence:
1. 3rd Touch of Daily Trend line
2. 3rd Touch of Ascending Channel
3. 1H Retrace
We are looking for a hover (Likely a bear flag) before we enter a sell position on the break
If the price will break impulsively & don't create a bear flag (Red Drawing) we are looking for a Continuation Pattern to enter
Keep it simple & Happy Trading Guys!
Like if you agree :)
*This Market Analysis is for educational purpose only. Trade at your own risk*
Commento:
Sell Entry
Commento:
Bear Flag Pattern
Commento:
Forecast Update
Commento:
Sell Setup #1:
Commento:
Sell Setup #2:
Commento:
Forecast Update: We are looking for more clarity before going short