GBPCAD rejected from key level which corresponds to 78.6% Fibonacci level of last bearish wave at level 1.7722
Pair retested broken minor uptrendline
Price is based below SMA 100 on H1 frame
MACD shows bearish momentum
It's expected for coming bearish wave to target major uptrendline and HVN near level 1.7050
Pair retested broken minor uptrendline
Price is based below SMA 100 on H1 frame
MACD shows bearish momentum
It's expected for coming bearish wave to target major uptrendline and HVN near level 1.7050
Trade active
Hit Take Profit (1) +58 pipsTrade active
Running +194 pips
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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.