GBPCAD OVERBOUGHT AND SOON TO BE READY TO FALL

Hello everyone, hope you are doing well this week. My eyes are on GBPCAD now, waiting for the reversal zone for potential bearish harmonic deep crab pattern. Daily RSI is screaming to take a rest and strong divergence can be seen as well.

On the other hand, GBPCAD is the most overbought sterling pair during the past few months which also assists my selling idea. You can also follow my twitter account for my additional fundamental data ideas and comments.

My idea is not investment advice.
Regards,

Order avbruten:

A bit upset of missing this nice short entry as my order was placed in resistance area. Didn't hit the entry zone,started to fall 12pips before the entry zone ,the reason to that-for those who wonder why- is because on the right wing on 2h timeframe another deep crab was nicely formed technically.