SELL GBPCAD
Price broke below the trend line that suggests sellers are now having the upper hand.Looking from the friday close of the market the big bearish candle rejecting from the trend line hints sellers have been attracted with the area.Now it all comes to monday, if we see price has opened above the 1.7400 area the trend line will act as our resistance and the area being the support. but if it opens below it the 1.7400 area and the trend line will both act as our resistance.
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.