GBP/CAD wasn't able to keep up with the bullish daily trend move and moved under the 50 ema once again.
It is now not showing any good signs of support and is barely able to keep it's current level. It's making more lows.
I expect a break below the current support zone to happen within the next 48 hours.
A good move to keep an eye one.
Happy trading! Follow your rules!
It is now not showing any good signs of support and is barely able to keep it's current level. It's making more lows.
I expect a break below the current support zone to happen within the next 48 hours.
A good move to keep an eye one.
Happy trading! Follow your rules!
Note
You could temporary close your position and let GBP/CAD go back up to stabilize itself then afterwards, open it back if the move is still active. Note
Entry can be at 1.7730 +/-5 pips
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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.