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JD_TeenTrader

Selling GBPCAD at the high of last week

Short
British Pound / Canadian Dollar (OANDA:GBPCAD)  
JD_TeenTrader  
OANDA:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPCAD gbpcadshort abcdchartpattern
1
0
trendanalysis harmonicpatterns chartpattern gbpcad gbpcadshort abcdchartpattern
GBPCAD is on an uptrend but we are looking for a sell here.

This is a counter trend but here is why we are selling.

Trend:

W1: Up
D1: Up
H4: Up

Moving Average:

Above the Daily MA
H4 pointing upwards

Pattern:

AD=CD on H4

Strong resistance at 1.7340

Double top on H1 and lots of divergence

Stop loss of 40 pips and a target of 120.
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