GBPCAD Forecast (1st Week of December)

In the current market condition we are now on the high level

Confluence:
1. 3rd Touch of Daily Trend line
2. 3rd Touch of Ascending Channel
3. 1H Retrace

We are looking for a hover (Likely a bear flag) before we enter a sell position on the break

If the price will break impulsively & don't create a bear flag (Red Drawing) we are looking for a Continuation Pattern to enter

Keep it simple & Happy Trading Guys!

Like if you agree :)

*This Market Analysis is for educational purpose only. Trade at your own risk*

Yorum:

Sell Entry

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Bear Flag Pattern

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Forecast Update

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Sell Setup #1:

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Sell Setup #2:

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Forecast Update: We are looking for more clarity before going short