GBPCAD has bounced back up since hitting 1.723, it made a 2nd push higher to 1.743 missing the higher timeframe channel. The pair has since retracted back down to a high probability reversal zone. We are expecting the pair to move bullish trying to reach the higher timeframe channel before deciding to break up or get back into the downtrend. This could potentially make a decent return on investment.
Currently we have a high probability reversal ZONE that is supported by the following:
- Divergence,
Risk vs Reward: 2:1
Good luck!
*Updates to follow!
Currently we have a high probability reversal ZONE that is supported by the following:
- Divergence,
Risk vs Reward: 2:1
Good luck!
*Updates to follow!
Trade closed: stop reached:
Stop reached: -1%