GBPCAD ____ SHORT-TERM BULLISH LONG-TERM BEARISH
Hello Guys,
If you have seen my GBPAUD analysis (inserted below) you would notice how similar both analysis are. GBPCAD recently traded into a monthly supply zone and has the possibility to trade all the way down to the monthly demand order block.
Currently, price is floating in between demand and supply. I am more interested in waiting for price to enter my daily supply order block to go short. Nonetheless, if I see a good buy opportunity, I will take it because the market structure supports it.
Follow for more updates.
GBPAUD ANALYSIS
Cheers,
Jabari
If you have seen my GBPAUD analysis (inserted below) you would notice how similar both analysis are. GBPCAD recently traded into a monthly supply zone and has the possibility to trade all the way down to the monthly demand order block.
Currently, price is floating in between demand and supply. I am more interested in waiting for price to enter my daily supply order block to go short. Nonetheless, if I see a good buy opportunity, I will take it because the market structure supports it.
Follow for more updates.
GBPAUD ANALYSIS
Cheers,
Jabari