GBP/CAD analysis
Daily:
Ranging since April
Current impulse is bullish
Price re-tested 1.75 but couldn't failed
Large Daily engulfing candle (but previous candle was large bodied i.e. not a doji or hammer...
4H:
Bullish biased and respecting rising trendline
1H
Minor structure at 1.731 but may be weak.
Plan:
Watch price reaction to 1.731 - clear rejection may initiate a long to 1.75.
However a clear break and 4H close below the trendline could trigger a strong bearish reaction
Care point - USA/UK covid news & Brexit news
Ranging since April
Current impulse is bullish
Price re-tested 1.75 but couldn't failed
Large Daily engulfing candle (but previous candle was large bodied i.e. not a doji or hammer...
4H:
Bullish biased and respecting rising trendline
1H
Minor structure at 1.731 but may be weak.
Plan:
Watch price reaction to 1.731 - clear rejection may initiate a long to 1.75.
However a clear break and 4H close below the trendline could trigger a strong bearish reaction
Care point - USA/UK covid news & Brexit news
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.