Market is moving bearish 4H/1H.
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.69877 or 1.70372, then back to 1.68253.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and CAD.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
If you have any questions do ask in the comments.
1:Bearish structure:(Short order).Market making LL/LH.
2:Market might retest levels of 1.69877 or 1.70372, then back to 1.68253.
3:Market below the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and CAD.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
If you have any questions do ask in the comments.