Technical Confluences:
- Stochastics has entered into Overbought conditions in the Daily and H1 Timeframes
- Price looks like it will target the top of the smaller parallel channel; it coincides with the 50% Fibo Extension levels
- If the 50% Fibo levels break, we may visit the 61% Fibo Extension level; the next range of Interest Zone and the top of the larger Parallel channel
- Gauging the Elliot wave count, GBPCAD is trying to complete Wave 3 move (we will then enter this trade to capture the Wave 4)
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Will be looking to set some Sell Limit orders in the Sell Limit Zone area and Target the 50 - 61% Fibo Retracement levels
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- Stochastics has entered into Overbought conditions in the Daily and H1 Timeframes
- Price looks like it will target the top of the smaller parallel channel; it coincides with the 50% Fibo Extension levels
- If the 50% Fibo levels break, we may visit the 61% Fibo Extension level; the next range of Interest Zone and the top of the larger Parallel channel
- Gauging the Elliot wave count, GBPCAD is trying to complete Wave 3 move (we will then enter this trade to capture the Wave 4)
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Will be looking to set some Sell Limit orders in the Sell Limit Zone area and Target the 50 - 61% Fibo Retracement levels
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Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.