Bouncing off of the 0.5 Daily Fibonacci level, GBPCAD is trading between major support and resistance zones. It is also respecting fibonacci levels on the hourly, and 15 minute timeframes, all with the same bullish momentum. In the very soon short term, I believe there will be a minor retracement to the 73750 level, and a continuation up to the 74217 level breaking the 0.382 Daily fibonacci level. Just an idea.
Please like and follow :)
Please like and follow :)
Note
Short term did exactly what i said it would do. long term it is currently tretracing and respecting the daily 0.5 and 0.682 fibonacci zone, as well as the overall bullish trend :D
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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.