GBPCAD - I am expecting a trend reversal. Divergence is seen on the MACD indicator. There is a missed pivot close to where the price is (ariound 50 pips below) and more pivots below.
Pair is losing moment which is also reflected in the MACD. Expected to go down soon. Sell trade after the trendline after the price is crossed.
Sell @ 0.9358
TP @ 0.9282 (half way to the missed pivot)
SL above the highs
Pair is showing signs that it will go down. There is a missed daily pivot which it will try to reach and the MACD is showing signs of divergence
SL above the highs.
Entry below the monthly pivot
TP at the missed pivot
The pair was trending upwards however lately it was making lower highs and the MACD shows divergence. This means that it is expected to do down. There is also a missed pivot @ 1.3821.
Entry at 1.3860
TP1 @ 1.3821 (missed pivot)
TP2 @ 1.3730 (missed pivot)
SL @ 1.3907 (about the highs)
MACD losing momentum and going against market trend hence indicating a temporary change of direction within the tredlines. Upper trendline was also hit.
