GBPCAD have been on a bullish move since last year, and currently is on a bullish continuation pattern, which indicates that price might go bullish for a while again. Now let's have a strong look to the long wick we can see below, that's huge liquidity and is expected to be taken. So how do price get to that zone?
It first have to go bullish and hit the resistance zone or the point of 1.68400 before it sells massively, we still have time for that to happen. I will keep you updated on this.
Meanwhile, i will love the support I have been having, I appreciate a lot. For me to feel more happy a share and a follow will be appreciated. Have a nice week. Thank you.
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Price is about breaking it's trendline and when it happens, we wait for retest for more buys.
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Price might get to the resistance zone before it sells, or might just test the trendline before it hits our resistance zone
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This week let's watch out for that resistance zone, because the sells might just happen this week.
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Price have crossed December highs, and is expected to hit the resistance zone before the drop.
I am thinking the same that price is likely to push higher, and in the nearer to longer term move is to the downside. Possible recession, rates pushing higher, inflation still high, what is the UK going to do?