GBPCAD Price Action Analysis

9 May 2021

Gbpcad still shows bearish sentiment. Price tested 4h demand and reacted. Although there is a bullish divergence in 4 hourly chart, price is still going on making lower lows in daily chart. What is to do here? First, let the price test h4 demand again. İf it reacts then try a buying chance. Because your stop would be short enough. Second, let the price rally to the four hourly supply and wait the reaction of the price and try selling change as your stop would be short enough. In these 2 scenarios, your stop should be below demand and above supply zones. Just watch price and do what it tells.