GBPCAD Sell Trade Full Explained - 23 April 2024 #forex #trading #forexstrategy #shorts

Here is a sell trading opportunity on the pound Canadian. 4-hour chart gives us a clean bearish trending structure and price action. 3 lower highs, lower lows with increasing waves. Each wave is bigger than the one before. Classical synchronization between the chart, the price, and the indicator, the math behind the price movement. Lower lows on the chart followed by lower lows on the indicator with bearish ADX to support the bearish view gives a classical control by the bears. On the 1-hour chart, we also have 3 lower highs, lower lows, which stands for a bearish trend, bearish trending structure, followed by the same bearish view on the ADX. 2 key resistances. As long as they hold, I will be looking to sell the rallies for pound Canadian.