My dear followers, I analysed this chart on GBPCAD and concluded the following: The market is trading on 1.7090 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.7160 Safe Stop Loss - 1.7053
About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
I’m more inclined to invest after seeing your clear reasoning for a bullish market.
AnabelSignals
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What do you think about this forecast, Friends?
rationallyirrationalkid
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@AnabelSignals, I think you have the bullish bounce correct but sooner than I'm thinking. I'm targeting a long buy around 1.698 with a SL down around 1.691 or so. Nice chart & analysis!