GBPCAD - Simple Short Idea - Waiting for signal
Al Significant long term resistance
Long term upper trend line
61.8% Fib level tagged
RSI at oversold levels
Extended away from upper Kelt - higher probability of price to pull back
Bearish RSI divergence on 4hr and 1hr timeframes
What I am looking for to go short
1. Reversal M pattern
2. Change in colour from white to red on Heiken Ashi
2. RSI, Stoch to point down
Over 500 points
Long term upper trend line
61.8% Fib level tagged
RSI at oversold levels
Extended away from upper Kelt - higher probability of price to pull back
Bearish RSI divergence on 4hr and 1hr timeframes
What I am looking for to go short
1. Reversal M pattern
2. Change in colour from white to red on Heiken Ashi
2. RSI, Stoch to point down
Over 500 points
*RSI at overbought levels*