GBP/CAD: Buying @ market, targeting confluence zone!
The pair has broken its current arc to the upside which acted perfectly as a resistance since yesterday. This is showing buyers are coming in the game.
We have a confluence zone which is shown by the pink + white fibo levels (short-term and long-term price action). As you can see these levels match perfectly.
This confluence zone will be my target, around 1.71050 levels. It should attract prices since it's the reunion of 2 (or more) fib levels.
Trade at your own risk
We have a confluence zone which is shown by the pink + white fibo levels (short-term and long-term price action). As you can see these levels match perfectly.
This confluence zone will be my target, around 1.71050 levels. It should attract prices since it's the reunion of 2 (or more) fib levels.
Trade at your own risk
Comment:
5-min view
Trade closed: target reached:
Nice quickie
