GBPCAD Potential Buy on Retest
Updated
This currency has broken the descending trendline and made a massive move up quickly. then price slowed down and started to retrace to now in the 50% Fibonacci area.
currently the price needs to be watched if there is a breakout to the upside on h1, then buy order can be made.
or there is a possibility that the price will move deeper down in the 61.8% Fibonacci area before continuing the upward movement towards the 1.64 level
currently the price needs to be watched if there is a breakout to the upside on h1, then buy order can be made.
or there is a possibility that the price will move deeper down in the 61.8% Fibonacci area before continuing the upward movement towards the 1.64 level
Trade active
Price close above resistance on h1. Im open position on 1.628Trade closed: target reached
happy trading everyone
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