Get started
khng777

Week 42: GBPCAD - Long biased

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
khng777  
FX:GBPCAD   British Pound / Canadian Dollar
Support and Resistance Volume
3
0
supportandresistance volumestudies
As the price slides from June to August, there were a lot of volumes supporting the down move. As it slides lower from August to Sept, the volume were diminishing.

Since then, price picked up, and that's where volume started picking up too.

I am seeing 1.631 to 1.645 region as a strong support and 1.666 to be a strong resistance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.