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yin888
2018年1月20日下午3點49分

GBPCAD - Downside prevails? 看空

British Pound/Canadian DollarFXCM

描述

From the previous idea, price has successfully went according to plan heading upside. Since then, price has pullback and re-tested the trendline (dark blue) of a 3-month uptrend channel. We can also see that that's the -38.2% of the previous impulse move. We can also see bearish divergence on RSI 14. From here, I am predicting price to head down to the first support area (yellow rectangle).

On previous analysis, price still has a long way to go heading down to previous swing low @ 1.5845, a long-term trade.

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Set-up no longer valid and no trade was taken.
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