GBPCAD STILL AROUND A RESISTANCE ZONE!
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBPCAD , WHAT'S NEXT!?
As we can see price is around a strong resistance zone , where we will be looking for new sell setups.
And as we can see price formed a new swing low, and for the bears to take over we need a break below the marked swing low.
Then a further movement lower would be expected.
1-2 Risk to Reward Ratio from a risk management perspective.
Unless price managed to be trading higher to break above our resistance, then this scenario will be no longer be valid.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GBPCAD , WHAT'S NEXT!?
As we can see price is around a strong resistance zone , where we will be looking for new sell setups.
And as we can see price formed a new swing low, and for the bears to take over we need a break below the marked swing low.
Then a further movement lower would be expected.
1-2 Risk to Reward Ratio from a risk management perspective.
Unless price managed to be trading higher to break above our resistance, then this scenario will be no longer be valid.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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