GBPCAD - a new trend
After a few rejections from the SZ above, we could be seeing a new downtrend forming from hereon.
Prices are consolidating at this current moment and we're expecting prices to retrace upwards a little where we would then find a setup on the M15 timeframe. Let's see how this pans out.
I personally would have preferred for the downward move labelled #2 to be lower than #1, i.e. making a lower low, but such is the markets. We take what comes to us.
Prices are consolidating at this current moment and we're expecting prices to retrace upwards a little where we would then find a setup on the M15 timeframe. Let's see how this pans out.
I personally would have preferred for the downward move labelled #2 to be lower than #1, i.e. making a lower low, but such is the markets. We take what comes to us.
Trade closed: target reached
Target Profit reached. 
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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.