GBPCAD– H4 Technical Analysis
FORECAST: BUY
The price has extracted liquidity at 157.817 and is clearly headed for the next liquidity pool.
The Liquidity zone 1.56 – 1.54 could the target if the bearish momentum continues.
The pair will do one of two things:
SCENARIO 1: (Line Arrow)
Pair will buy if sentiment changes from current bearish bias.
SCENARIO 2: (Dotted Arrow)
A liquidity weekly hunt to the 1.56 – 1.54 zone will reverse the trend to favor buyers.
Sentimental Analysis: Current
22% - Selling
78% - Buying
TRADE CALL: Waiting for BUY signal
The price has extracted liquidity at 157.817 and is clearly headed for the next liquidity pool.
The Liquidity zone 1.56 – 1.54 could the target if the bearish momentum continues.
The pair will do one of two things:
SCENARIO 1: (Line Arrow)
Pair will buy if sentiment changes from current bearish bias.
SCENARIO 2: (Dotted Arrow)
A liquidity weekly hunt to the 1.56 – 1.54 zone will reverse the trend to favor buyers.
Sentimental Analysis: Current
22% - Selling
78% - Buying
TRADE CALL: Waiting for BUY signal
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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.
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.