GBPCAD Still looking Strong on the Uptrend continuation
After a successful Bullish Descending Channel Break-out observed on both 2 strong Time Frames (H4 & D1) and a clear rejection of the 50EMA, at the open of the Market we are still seeing the MACD goin strong, we might see a slight pullback and then a continuation.
Having said the above if price fails to break the current resistance zone, it might simply drop back down.
This week we have Manufacturing PMI on Tuesday, Composite PMI and Services PMI on Thursday and Construction PMI on Friday.
I don't trade the News, I read charts only! (But it's always good to keep an eye for a good entry)
🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫
This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So Please do your own research and analysis and use this information appropriately. Trading is very speculative and risky, and carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results.
Personal Free Advice: You Should NEVER borrow any money to invest, you should NEVER use money intended to feed your Family, Pay for School tuition or Pay for Bills for the purpose of investing in Forex Markets!
Hit the Like button if you agree with my idea!
Having said the above if price fails to break the current resistance zone, it might simply drop back down.
This week we have Manufacturing PMI on Tuesday, Composite PMI and Services PMI on Thursday and Construction PMI on Friday.
I don't trade the News, I read charts only! (But it's always good to keep an eye for a good entry)
🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫
This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So Please do your own research and analysis and use this information appropriately. Trading is very speculative and risky, and carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results.
Personal Free Advice: You Should NEVER borrow any money to invest, you should NEVER use money intended to feed your Family, Pay for School tuition or Pay for Bills for the purpose of investing in Forex Markets!
Hit the Like button if you agree with my idea!