GBPCAD Poised for Potential Drop and Reversal
Good day,
GBPCAD has the potential to drop at the H3 and reverse around the 1.70778 area.
However, there will need to be some attention in that area, as the price may drop to break (Y).
The process may turn to reach above the highs and reach the supply zone following a bullish ABC pattern.
1.71117, 1.71000, 1.72500, and 1,73000 are the desired price targets.
Happy Trading,
K.
GBPCAD has the potential to drop at the H3 and reverse around the 1.70778 area.
However, there will need to be some attention in that area, as the price may drop to break (Y).
The process may turn to reach above the highs and reach the supply zone following a bullish ABC pattern.
1.71117, 1.71000, 1.72500, and 1,73000 are the desired price targets.
Happy Trading,
K.
Trade closed manually