GBPCAD POTENTIAL SHORT OPPORTUNITY
Hello Everyone!
How are you all?
Gbpcad is a pair to watch this week, because it is shaping up very nicely for a short trend reversal that we can capitalize on.
So, I will be looking for a short trend reversal because of the following reasons:
1. Potential Double Top
2. The price is forming a potential reversal structure.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.
Entry : will look for a risk entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
Gbpcad is a pair to watch this week, because it is shaping up very nicely for a short trend reversal that we can capitalize on.
So, I will be looking for a short trend reversal because of the following reasons:
1. Potential Double Top
2. The price is forming a potential reversal structure.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.
Entry : will look for a risk entry within the flag or a reduced risk entry on the breakout of the flag.
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