Long
time to go back up slightly
GBPCAD is currently facing multiple MA trendline resistance (20MA daily, 200MA 2H, 1H and 100MA 1H) so if market is not fierce it should respect the technical indicators just a bit :D
Overall GBP is not out of it's downtrend at all so let's be careful about this setup.
SL: a few pips below any of the MAs, I set it rather low, it can be as tight as 1.738 if you wish to take the risk
TP: target high 1.748 or just trail it
GL
Overall GBP is not out of it's downtrend at all so let's be careful about this setup.
SL: a few pips below any of the MAs, I set it rather low, it can be as tight as 1.738 if you wish to take the risk
TP: target high 1.748 or just trail it
GL
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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.