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Akash_MT
Oct 24, 2020 4:53 PM

Potential Long Position on GBP/CAD Long

GBP/CADOANDA

Description

Analysis

I'm looking for a long position on GBP/CAD

On the daily chart, price is in an uptrend
On the 4 HR chart, price is entering a major structure, a potential bounce of it to the upside
Price is in between two support pivot points and a previous resistance pivot points
It is lined in between the 50% and 61.8% Fibonacci Levels
On 1 HR chart, 14 period RSI is printing an oversold market on the 1hr chart

I am entering on a breakout of the pullback trendline
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