After the price break the descending channel level price pull back to retest at broken level which now act like support level before continue to go higher
price pullback amd come to test the broken support level wach now act as resistance level at 0.9181
Price raech at LL zone, i aspect the price to go up and find continuation at LH Level.
As we can see the price move in downtrend, and if you put your eyes on ID timefreme you will see double top, which indiicate that the price will fall
Price will pullback to 0.9230 level and there be the big force of seller to continue to push price down,
Again, at this pair also i use the same strategy, looking forward for the price return to test the week open price which act as restance level
Hellow fellow traders, let see what we got. GBPCAD Today want to trade at open price level as entry, after see the price break at the open price level which act as support level.
Make trend your friend, wait for the price reach at 84.450, where will accomplish third time of trend line on down trend, that will determine the price to go down, wait for confirmation after the price reach that level
AFTER price break the support level wait for the cand to close below the level, wait for pullbackfor confirmation, the go for SHORT.
wait for the price pullback and reach decending trend line as saupport for going LONG , after the price reach at high price which act as resistance
GBPUSD, entry for long posotion, wait fo the price to pullback after testing the resistance level, wait price to reach descending trend line fo a LONG position
looking for price rejection at the D1 support level and price to retrace TO go UP
Hello friends, the support line broke after pull back we could open the sell position in this pair. pleas like this post if you find it useful Enjoy trading......