Will GBPCAD React At 1.60 ???
Pair is aproaching a previous strong support level @ 1.60 you also have a weekly SUPPLY/SELL zone located from 1.60 - 1.62 , also with 1.60 being a nice psychological round number giving this SELL idea lots of cnfluence and we are likely going to see a reaction on the approach to 1.60 or above.
I will be starting to look for SELL signals from my indicator above 1.594 from time frames 4hr to daily target for the trade will be a freshly created DEMAND/BUY zone around 1.56 you also have the previous swing high in current leg up in this area.
Lets see how we go :)
I will be starting to look for SELL signals from my indicator above 1.594 from time frames 4hr to daily target for the trade will be a freshly created DEMAND/BUY zone around 1.56 you also have the previous swing high in current leg up in this area.
Lets see how we go :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.