GBPCAD is breaking trend support and testing the level of 1.6606. Consolidation under the level will form a sell entry point
TA on the high timeframe:
1) Global trend is bearish
2) The correction is ending. The signal is a support breakout
TA on low timeframe:
1) Price breaks trend support after failing to make a new high
2) Market sentiment is to sell (indicator on the left)
3) Consolidation below 1.6606 will give an entry point
Key resistance: 1.6606, 1.669
Key support: 1.6517
TA on the high timeframe:
1) Global trend is bearish
2) The correction is ending. The signal is a support breakout
TA on low timeframe:
1) Price breaks trend support after failing to make a new high
2) Market sentiment is to sell (indicator on the left)
3) Consolidation below 1.6606 will give an entry point
Key resistance: 1.6606, 1.669
Key support: 1.6517
❤️ Telegram channel: t.me/AndeWave
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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.
❤️ Telegram channel: t.me/AndeWave
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.