GBP/CAD TREND CONTINUATION! Or REVERSAL
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, as we clearly see price trading inside this channel making clean higher highs and higher lows
From a medium-term perspective
So for now, what!
For now, as the price rejected our support and traded higher and we a bullish now
So, as the price retests our support and this rising trendline we will be searching for new longs like any reversal pattern for a trend continuation
However, if the price managed to go straight forward upward we will be searching for new sell setups as the price will be testing again our massive resistance zone
lining up with our upper channel acting as an overbought area.
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, as we clearly see price trading inside this channel making clean higher highs and higher lows
From a medium-term perspective
So for now, what!
For now, as the price rejected our support and traded higher and we a bullish now
So, as the price retests our support and this rising trendline we will be searching for new longs like any reversal pattern for a trend continuation
However, if the price managed to go straight forward upward we will be searching for new sell setups as the price will be testing again our massive resistance zone
lining up with our upper channel acting as an overbought area.
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Note
t.me/Snipers_F_x
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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.
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.