GBPCAD will rise soonGBPCAD is oversold at this situation.RSI shows that .so we can see a correctional buy .
EDUCATION
so to find tha point of reverse in the market we can use out fibonacci tool to high to the low the impulse
in that point we can see the 0.382 Fibo level is perfectly matched with the previous support which will become the resistance soon.( SBR ).also the trading is th reacting process it can not project .so we have to see the price action on that fibo level before it makes an rejection
USE your own risk management.
Trned
Weak AUD in position for SELLSA brilliant resistance zone just got pushed back from there and on a 68.1 FIB zone on to a trend line and getting rejection from that line on H4 time frame.
A good trade if you want to make it.
TIP: RISK ONLY 1% OF YOUR ACCOUNT BALANCE
ITS NOT AN INVESTMENT ADVICE. YOUR CAPITAL IS AT RISK
USDCHF TREND TRADE ON H4Hello dear traders.
How about simplifying our trading a little for today?
we are currently at the correction of an uptrend which retraced itself down to 61.8% fibo level and surprisingly it concides with a great hammer.not to mention that another hammer is formed in H1 timeframe as well.
you can enter into long position if the hammer will be confirmed.if so,you will enter into a 2-1 R-R position which seems so ideal to me.
thanks for your visit.