Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GBPCAD Analysis and Sell Trading Plan Explained - 4 April 2024 - by Vladimir Ribakov #forexsignals

4 Apr 2024 · 1 min

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Vladimir Ribakov identifies GBP/CAD as a sell opportunity after the daily trendline breaks and MACD shows weakening momentum despite higher prices. The 4-hour chart displays three consecutive lower highs and lows, with two critical zones that must hold for the bearish setup to remain valid.

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Here is why I believe pound Canadian could be a great sell the rallies trading opportunity. Daily chart completes a phenomenal bearish divergence— higher highs on the chart versus lower highs on the MACD moving average indicator. The rising trend line is broken on a daily chart and now been retested. 4-hour chart completes 3 lower highs, lower lows, which stands for a powerful bearish trending structure. The price action hints The bears are in control. Here are 2 key zones on the pound CAD 4-hour chart. As long as these zones hold, for me, sell the rallies is the trading plan. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.