GBPCAD I Downtrend continues with bearish implosionWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
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Gbpcadforcast
GBPCAD I It will continue to fall in the short-termWelcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!
GBPCAD long trade ideaLast week on the daily GBPCAD has made an Impulse to the upside and went for a retest of the impulse almost to 0.618. So, from daily we have a bullish outlook also today on 4H market shifted from bearish to bullish and we can look for big long from here.
I will open a long from 1.71700. But keep in mind that we have a strong resistance in the weekly chart on 1.72500. So, if the market goes in my favor and tests the weekly resistance I will risk free this trade just in case the market doesn't break weekly resistance but if market breaks weekly resistance we could see GBPCAD move to 1.75000.