GBPCAD looking for critical support breakout
GBPCAD is currently side way toward the trend line of H4
The support level 1.74979 has been tested multiple times. Seem like it cannot hold the price up and easily to break through
We should keep an eyes on this critical support, if price breaks through this level then certainly a big SHORT opportunity will be there
In the other hand, if price breaks above the resistance trend line, then we definitely look for a LONG position
The support level 1.74979 has been tested multiple times. Seem like it cannot hold the price up and easily to break through
We should keep an eyes on this critical support, if price breaks through this level then certainly a big SHORT opportunity will be there
In the other hand, if price breaks above the resistance trend line, then we definitely look for a LONG position
Note
Support has been broken already. Looking for short opportunity
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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.