GBPCAD: Top-Down Analysis & Trading Plan 🇬🇧🇨🇦
Güncellendi
GBPCAD is trading in a bearish trend.
The price is steadily falling within an expanding wedge pattern.
Reaching 1.674 low, the price bounced.
At the moment bulls are approaching a strong supply zone (blue zone).
The blue zone on a chart is based on a match between a horizontal daily structure resistance
and a falling resistance of the wedge.
The next bearish move will most likely start from that zone.
To catch it wisely, monitor hourly time frame.
1.686 - 1.687 is a minor support.
We need its bearish breakout (hourly candle close below) as our trigger to sell.
Intraday goals will be 1.6815 / 1.677
In case of a bullish breakout of the wedge, the setup will be invalid.
❤️Please, support this idea with like and comment!❤️
Not
Check my new analysis on LTCUSD: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.