GBPCAD H8: BEST Level to SHORT IT +300/+500 pips(SL/TP)(NEW)

15 Kas 2020

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GBPCAD H8: BEST Level to SHORT IT +300/+500 pips(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: GBPCAD 16hour/candle chart review
::: bearish fractal in progress now
::: short-term bullish/more gains
::: HOWEVER heavy resistance overhead
::: 7500 strong resistance
::: get ready to SHORT from overhead
::: BEARS will take over soon
::: lower risk setup is SHORT
::: get ready to SHORT HIGH later
::: once we hit resistance at 7500
::: TP BEARS TP1 +300 pips TP2 +500 pips
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 7000
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: 7500 reversal level to SHORT IT
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 7000 fresh demand zone
::: 7500 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS