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DeGRAM
Feb 26, 2024 8:34 AM

DeGRAM | GBPCAD selling opportunity from confluence level Short

British Pound/Canadian DollarFXCM

Description

GBPCAD is moving in the ascending channel; it is creating the harmonic pattern where the D point completes right at the psychological level.

Price is approaching the previous high, where the market dropped.

The market created a confluence level where we have a harmonic pattern, psychological level, fibo extension level, and dynamic resistance.

We expect a bearish move from the confluence.



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Comments
DeGRAM
Good luck in the markets and have a great trading week!
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