GBPCAD 16h Demand - Potential Bear Trap
All Trade Parameters shown on the chart. Long setup in 16h Demand. Wider version is touched. Not completely fresh anymore but still high quality. Could also be a bear trap: Above we have daily support if it breaks retail traders go short. Below we find a high quality demand zone with unfilled institutional buy orders sitting to move price higher.
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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.