GBPCAD - Sell Opportunity
GBPCAD has turned bearish after breaking the neckline of a Head and Shoulders pattern, confirmed by bearish divergence. The recent retest of the neckline offers a potential sell opportunity. Traders should consider entering short positions, with stop-loss orders above the neckline and profit targets at key support levels. Proper risk management is essential to mitigate market volatility.
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Trade closed: stop reached
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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.
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.