Fxprotrader

GBPCAD: Key Level To Watch For Short

Penjualan
FX:GBPCAD   Pound Inggris / Dollar Kanada
An overbought RSI with a bearish divergence was showing that the upmove was about to end. Indeed, price reversed and with a sharp impulsive move broke below the uptrend and is soon expected to start a correction. In case price reaches the upper parallel of the median line we should watch for a sell setup to complete and sell the market. Keep in mind two things: Price must reverse and head towards the parallel into a corrective structure (slow, choppy move) and that a setup with stoploss and tp is needed in order to sell. Blindly entering a market only because price has reached a buy or a sell zone isn't the way to go..

Like and follow for updates..! Thank you very much for your support and kind words!
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.