GBPCAD → I believe a downward movement

2 ส.ค. 2023

hello guys...

if you check indicators like MACD or RSI you find out a divergence...

if you look wider and zoom out you see a three-drive pattern,

in my point of view, in this case, I assume an R:R 1:1 short position...

but for you, just wait until the price break out of the trendline and get a short position after retrace!

target 1: 1.6711

target 2: 1.66.06

target 3: 1.6414

target 4: 1.6315


_______________________________

always do your research.

If you have any questions, you can write them in the comments below, and I will answer them.

And please don't forget to support this idea with your likes and comment