We are currently at 4H demand zone and price seems to be decelerating .We will be looking for shorting opportunities if price breaks below that zone. Will update as time goes on, stay tuned! Good Luck. God Bless!
Price Action shows deceleration and we could see a retracement to the 0.382 fibonacci level of a previous bull run starting from September '20.
Hi guys, hope you had a nice weekend. At the start of the trading week GBPCAD presents itself with a long opportunity. Price has found a bottom at the weekly Fibonacci level and has closed as a lowtest on friday. We have bearish MACD Divergence and a potential H&S Pattern, however with 5 confluence factors and prime deceleration I will take a position. The stop...
Good evening traders, this is on my watchlist as price is showing some deceleration mid run, 50 EMA crossing yesterday's and today's wick, might provide resistance. Hope you liked this idea, good luck!
Hello traders, price decelerated nicely into the 0.7270 support level, meeting also the bottom trendline of the current bear channel. 50 EMA very far from current price so I see only 0.7350 level as possible resistance. Keeping in mind tomorrow's NFP, I will be ready to catch an upward acceleration. As always wish you good luck!