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mansooryousafzai

GBPCAD - Bearish Trend

Short
British Pound / Canadian Dollar (OANDA:GBPCAD)  
mansooryousafzai Updated   
OANDA:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPCAD gbpcadshort forexsignals forexsignal
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trendanalysis chartpattern indicator gbpcad gbpcadshort forexsignals forexsignal
Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs).
Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1 by using Fib tool.

Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Trade closed: target reached:
Both TPs HIT
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