Long

GBPCAD - Now Follow the Bulls!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per our last GBPCAD analysis, attached on the chart, it rejected the red circle and traded lower.

What's next?

📈 GBPCAD is currently approaching the lower bound of the channel.

Moreover, the blue zone is a strong demand.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline.

📚 As per my trading style:
As #GBPCAD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

Trading Made Simple; and Rule-Based
RichTL.com

Instagram
instagram.com/richthesignalyst

Telegram
t.me/thesignalyst

Best CFD broker
cutt.ly/TickmillReal

Get Funded up to $200,000 (Crypto)
cutt.ly/PropW

Also on:

TheSignalyst

Also 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.