GBPCAD- SHORT

Jun 21, 2020

Another SHORT on the GBP I have. Looking to enter tomorrow with the right confluences to make the trade more in my favour. I am looking retrace up to the pevious level of support and a touch on the descending trendline. I want to see a bearish candle close when touching these levels otherwise I wont be entering. With the reaction off of the previous support and trendline, it will have the fibonacci levels of 50.0 and 61.8 as more of a confirmation that there is more downside for this pair.

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