#GBPCAD bearish scenario
Bearish divergence in the 4H timeframe, as well as price failing to create a new high, shows potential weakness in the uptrend.
Furthermore, from an Elliott wave perspective, it seems like we are at wave 5 of 5, with a high potential for a bearish move from here.
In the 1H timeframe, we can see that the price managed to break below the previous higher low, successfully changing the structure towards bearish in the 1H timeframe.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Furthermore, from an Elliott wave perspective, it seems like we are at wave 5 of 5, with a high potential for a bearish move from here.
In the 1H timeframe, we can see that the price managed to break below the previous higher low, successfully changing the structure towards bearish in the 1H timeframe.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Trade aktif
Price trade lower beautifully after a bearish breakout of 1H timeframe structure point. t still could go lowerTrade aktif
Price moving all the way towards our profit zoneTrade aktif
Price has shown a very good bearish momentum, very happy about this analysis.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.