GBPCAD 1H - Double Top
Analysis:
GBPCAD 1H just printed double top reversal pattern, It has printed bearish divergence before. If the price breaks below 1.67656, it will be a sign of bear trend start. In this case we can enter in a short trade. For this trade the stop loss will be at 1.68739 which is the previous lower high level.
------ Trade ------
Chart: GBPCAD
Type: Short
Entry: 1.67656
Stop Loss: 1.68739
TP1: 1.66573
TP2: 1.65490
GBPCAD 1H just printed double top reversal pattern, It has printed bearish divergence before. If the price breaks below 1.67656, it will be a sign of bear trend start. In this case we can enter in a short trade. For this trade the stop loss will be at 1.68739 which is the previous lower high level.
------ Trade ------
Chart: GBPCAD
Type: Short
Entry: 1.67656
Stop Loss: 1.68739
TP1: 1.66573
TP2: 1.65490
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