GBPCAD has been held by the resistance of 0.382 Fibonacci extension and somehow looks on bullish, but definitely broken the resistance that now it seems to be retesting it again.
My bias now is that the pair is still bullish and I am putting my eyes on this if the pair is able to retest the broken resistance and able to get out of the fibo level, I will take my shot to long this pair.
Otherwise, I will not recommend traders to go against the trend that it has been going all these days!!
Have a nice weekend and happy trading guys!!
What do you think of this?
My bias now is that the pair is still bullish and I am putting my eyes on this if the pair is able to retest the broken resistance and able to get out of the fibo level, I will take my shot to long this pair.
Otherwise, I will not recommend traders to go against the trend that it has been going all these days!!
Have a nice weekend and happy trading guys!!
What do you think of this?