GBPCAD - A potential shorting opportunity to 1.79 zone

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I am favoring a move lower in GBPCAD since price is at a major resistance zone.
I can also observer a hidden bearish divergence (price made a lower high while stochastic is making a higher high).
Stochastic is also in the overbought zone.

** Given the drop in OIL prices, GBPCAD may still rise to 1.85 zone. So, I will drop to the H4 & H1 time frames to try to see bearish signs (i.e. bearish candle stick formations, H&S patterns, etc.) before shorting.

** No trade is taken until now

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.