GBPCAD: Your Detailed Trading Plan
Take a look at ⚠️GBPCAD
This week, the pair broke an important structure resistance and closed above it.
Currently, the price is consolidating within a tight horizontal range and retesting the broken structure on the 4-hour chart.
To confirm a bullish trend for intraday buying, look for a breakout above the resistance of the range.
A 4-hour candle closing above 1.7924 will confirm this breach.
If this occurs, a bullish continuation towards 1.7967 levels can be expected.
This week, the pair broke an important structure resistance and closed above it.
Currently, the price is consolidating within a tight horizontal range and retesting the broken structure on the 4-hour chart.
To confirm a bullish trend for intraday buying, look for a breakout above the resistance of the range.
A 4-hour candle closing above 1.7924 will confirm this breach.
If this occurs, a bullish continuation towards 1.7967 levels can be expected.
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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.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.