GBP/CAD long setup
GBP/CAD: Bias Bullish
- Stochs and RSI are biased sharply higher
- MACD supports upside
- Bullish 5-DMA crossover on 20-DMA
- Bollinger Bands are widening
- Pair has broken above 55-EMA at 1.7023
Support levels - 1.6945 (5-DMA), 1.6872 (21-EMA), 1.6788 (20-DMA)
Resistance levels - 1.7179 (110-EMA), 1.7265 (trendline), 1.7290 (38.2% Fib), 1.7390 (200-DMA)
Stay long on close above 23.6% Fib at 1.7025, SL: 1.6940, TP: 1.7175/ 1.72/ 1.7265
- Stochs and RSI are biased sharply higher
- MACD supports upside
- Bullish 5-DMA crossover on 20-DMA
- Bollinger Bands are widening
- Pair has broken above 55-EMA at 1.7023
Support levels - 1.6945 (5-DMA), 1.6872 (21-EMA), 1.6788 (20-DMA)
Resistance levels - 1.7179 (110-EMA), 1.7265 (trendline), 1.7290 (38.2% Fib), 1.7390 (200-DMA)
Stay long on close above 23.6% Fib at 1.7025, SL: 1.6940, TP: 1.7175/ 1.72/ 1.7265
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.