- It's in point 61.8 of fibonacci - In the last wave of the recoil, It's making a contractile diagonal - We will operate a SELL
GBPCAD is expected to drop to 1st support at 1.62417 where it could potentially react off and up to 1st resistance at 1.63444. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
A lot of 4h divergence. This could play both way, but is a critical level. If impulse to the downside starts, then we could have a really big movement on Daily