GBPCAD has entered the PRZ of a bullish crab. The RSI is quite overextended as well, so a 38.2% correction is likely at these levels. Entry is placed at the base of the PRZ with target at .382CD and SL outside of 1.786XA.
Confluence in the PRZ:
Confluence in the PRZ:
- Bullish crab
- 3AB=CD
- 5BC Projection
- RSI Oversold
Trade active
Trade closed: target reached
Target achieved painlessly: +81 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.