Next week, I am expecting GBPCAD to continue climbing towards 1.71.
This 1.71 is a great harmonic area for price to potentially reverse.
Alot has to depend on the price reaction at this zone.
I will be monitoring the volume indicator for abnormal volume conditions based on VSA before I take my trade.
No pending orders will be used.
Tentatively, these are my projected levels.
EP 1.71 - 1.7120
SL 1.7220 (120)
TP 1.67 (400)
This 1.71 is a great harmonic area for price to potentially reverse.
Alot has to depend on the price reaction at this zone.
I will be monitoring the volume indicator for abnormal volume conditions based on VSA before I take my trade.
No pending orders will be used.
Tentatively, these are my projected levels.
EP 1.71 - 1.7120
SL 1.7220 (120)
TP 1.67 (400)