is GBPCAD preparing for another drop?
Updated
GBPCAD / 4H
GBPCAD has been trading in a downtrend. Recently, the price rejected a key resistance level falling sharply.
And now the price is pulling back to test a few important levels before it falls again. Yet, we need to have a price action confirmation on Oil prices in order to validate this setup.
Trade safe,
Trader Leo.
GBPCAD has been trading in a downtrend. Recently, the price rejected a key resistance level falling sharply.
And now the price is pulling back to test a few important levels before it falls again. Yet, we need to have a price action confirmation on Oil prices in order to validate this setup.
Trade safe,
Trader Leo.
Trade active
The setup is on
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.