Forex Trade Set ups - 19th August 2024

August 19, 2024

Trade Set Ups - 19th August

All Trade Set Ups Are Analysed Using 1hour, 4hour & 1 Day Time Frame

In this email:

  • CAD/GBP

CAD/GBP Set Ups đź’°

The daily, 4-hour, and 1-hour charts all scream downtrend. Prices are below key moving averages & no signs of a bullish comeback. The RSI is hinting that the sell-off might be getting tired, but the bears are still in control. Even though the 1-hour chart shows a little bounce, it’s more of a “dead cat” than a real reversal. Bottom line: bear’s are in control & short trades are the way to go!

Daily chart of this pair shows a clear & obvious downtrend

Trading Plan

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