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InkyGrip
May 26, 2023 4:52 AM

GBPCAD for a lower low 🦐 

British Pound / Canadian DollarFOREX.com

Description

GBPCAD on the 4h chart has broken the weekly support and is currently retesting it.
The price after the break has moved to the 50% of the previous impulse.

A break of the lower support will see an increasing pressure of the sellers and according to Plancton's strategy if that will happen we will consider a short opportunity.

Comment

now testing the support

Comment

breaking below as expected
Comments
RLinda
Interesting explanation, I support you and agree with your idea)
InkyGrip
@RLinda, thanks
Lingrid
Possible scenario
InkyGrip
@Lingrid, thanks
ArmanShabanTrading
Amazing chart!
InkyGrip
@ArmanShabanTrading, you are welcome
RV15699
No. Its in a HTF Uptrend
InkyGrip
@RV15699, feel free to share your chart with us
CryptoCheck-
Seems likely indeed thanks
InkyGrip
@CryptoCheck-, thanks so much
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