GBPCAD
#GBPCAD: Important Decision Ahead! Your Plan: 🇬🇧🇨🇦
The market is steadily going down within a falling parallel channel.
The pair is approaching its resistance at the moment.
Depending on the reaction of the price to that, I see 2 potential scenarios:
When the price breaks a resistance of the channel (we need a daily candle close above that to confirm a breakout), then a bullish continuation will be expected to 1.6118 structure.
If the price breaks a 1.5855 - 1.59 local daily support and closes below that
then a bearish continuation will be expected at least to 1.572 level.
Wait for a breakout and only then buy/sell the pair.
What are your expectations? Picture
The market is steadily going down within a falling parallel channel.
The pair is approaching its resistance at the moment.
Depending on the reaction of the price to that, I see 2 potential scenarios:
When the price breaks a resistance of the channel (we need a daily candle close above that to confirm a breakout), then a bullish continuation will be expected to 1.6118 structure.
If the price breaks a 1.5855 - 1.59 local daily support and closes below that
then a bearish continuation will be expected at least to 1.572 level.
Wait for a breakout and only then buy/sell the pair.
What are your expectations? Picture
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。