23-04-2024 _ Short Term Bearish Idea _ GBPCAD H4
Updated
1- Divergence on MACD indicator.
2- Followed by Convergence.
3- This presents a typical scenario of;
Pullback followed by continuation to the Down Side.
Looks like Pullback is happening right now.
Look for Sell Setups in the shaded zone.
Target and protection shown on the chart.
2- Followed by Convergence.
3- This presents a typical scenario of;
Pullback followed by continuation to the Down Side.
Looks like Pullback is happening right now.
Look for Sell Setups in the shaded zone.
Target and protection shown on the chart.
Note
Price action at the top of shaded area, no setup yet.Note
Expected Entry @ break of 1.706Trade active
TriggeredTrade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.