GBP/CAD 22.09.2016
H4 chart.
Long term downward movement and correction.
Price below horizontal and diagonal resistances.
Technical indicators:
CCI(50) and DeM(14) in negative territory
Probable death crossing of SMA50 and SMA200 from top to bottom - strong signal for sell
SL: 1,7180
Alternative scenario: If price goes above resistances this will negate the negative scenario.
Jr. Trader Nikolay Georgiev
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