GBPCAD 4HR - SHORT DONT MISS THE FALL

2019-11-18 15:54:53

A zigzag correction of ABC is completing for Subminuette Wave 2 and price is currently retesting the 61.8% Fibonacci Level.
There is also divergence on MACD indicating the bulls losing its buying power hinting a potential reversal.

SCENARIO
Recommendation: Sell

Wait for price to break the trendline downwards and Sell. Our first target is the channel support.

Goodluck.