GBPCAD: DT Curve Analysis
There is the possibility of a decline based on the recent breakout of a bearish pattern, as Price Action closed below the anchor @ 1.7348, creating a resistance level @ 1.7326.
The RSI indicator being in overbought area may suggest a halt or reversal in the rise.
If the downtrend analysis is correct, we might place a sell limit order at 1.7326 and a sell stop order at 1.7296.
Price Action already reached TP1 so our next available levels for a Take Profit are listed as TP2, TP3, and TP4.
The RSI indicator being in overbought area may suggest a halt or reversal in the rise.
If the downtrend analysis is correct, we might place a sell limit order at 1.7326 and a sell stop order at 1.7296.
Price Action already reached TP1 so our next available levels for a Take Profit are listed as TP2, TP3, and TP4.
Professor C. E. Ward
Professor C. E. Ward
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