GBPCAD, at bottom waiting for reversal to complete.
Hi Traders,
GBPCAD is looking to break out to the upwards for the next impulse move. Looking at the HTF we are moving within a decending wedge pattern with also a Double Bottom to add confluence of bullish impulse to happen. On the LTF price is moving within a decending channel within the larger structure. I will be waiting for an impulse breakout followed by a LTF correction for a buy opportunity.
Thanks
Trade Safe!
GBPCAD is looking to break out to the upwards for the next impulse move. Looking at the HTF we are moving within a decending wedge pattern with also a Double Bottom to add confluence of bullish impulse to happen. On the LTF price is moving within a decending channel within the larger structure. I will be waiting for an impulse breakout followed by a LTF correction for a buy opportunity.
Thanks
Trade Safe!
Related publications
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.