Here is my Analysis for the GBPCAD Outlook for the coming weeks.
Price is approaching correctively to the Lower time frame 0.618-0.500 level or Golden ratio, expecting the price would react on that Sell Zone as illustrates in the chart.
Expecting price to drop from the Sell Zone area towards the Higher time frame 0.618-0.500 level or Golden ratio or Buy Zone where we would be expecting a potential Long-term Bullish Outlook.
Price is approaching correctively to the Lower time frame 0.618-0.500 level or Golden ratio, expecting the price would react on that Sell Zone as illustrates in the chart.
Expecting price to drop from the Sell Zone area towards the Higher time frame 0.618-0.500 level or Golden ratio or Buy Zone where we would be expecting a potential Long-term Bullish Outlook.
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.
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.