Hello Traders
After a long drop, GBP/CAD reached a support zone at last. Right now price is consolidating a bit on support zone and that is good for a long setup but its still moving in a descending channel.
Positively we can see RD+ on RSI, also RSI has broken downward trendline. a break and pull back on channel will confirm a long entry.
Thanks for Reading
Team Fortuna
After a long drop, GBP/CAD reached a support zone at last. Right now price is consolidating a bit on support zone and that is good for a long setup but its still moving in a descending channel.
Positively we can see RD+ on RSI, also RSI has broken downward trendline. a break and pull back on channel will confirm a long entry.
Thanks for Reading
Team Fortuna