There are some points that we need to mention :
as we can see in chart
1- an uptrend is broken towards down with a bearish Marubozu (almost) candle
2- we are too close to a great support level with 3 touches in past
3- RSI is in oversold range
So we can be hopeful to this nice support level for entering a long position
BUT we need to be PATIENT and wait for price action and confirmations ...
so let's keep looking at this pair and see what's gonna happen ...
Are u gonna be a bull or bear in this pair ??
I'd be glad if you comment your opinion and tell me your view about it :)
GBPCAD
as we can see in chart
1- an uptrend is broken towards down with a bearish Marubozu (almost) candle
2- we are too close to a great support level with 3 touches in past
3- RSI is in oversold range
So we can be hopeful to this nice support level for entering a long position
BUT we need to be PATIENT and wait for price action and confirmations ...
so let's keep looking at this pair and see what's gonna happen ...
Are u gonna be a bull or bear in this pair ??
I'd be glad if you comment your opinion and tell me your view about it :)
GBPCADNote
hahahah , I took the profit , but it didn't touch the target hereTrade closed manually
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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.