waiting for a confirmation in GBPCAD to go for LONG
There are some points that we need to mention :
as we can see in chart
1- an uptrend is broken towards down with a bearish Marubozu (almost) candle
2- we are too close to a great support level with 3 touches in past
3- RSI is in oversold range
So we can be hopeful to this nice support level for entering a long position
BUT we need to be PATIENT and wait for price action and confirmations ...
so let's keep looking at this pair and see what's gonna happen ...
Are u gonna be a bull or bear in this pair ??
I'd be glad if you comment your opinion and tell me your view about it :)
GBPCAD
as we can see in chart
1- an uptrend is broken towards down with a bearish Marubozu (almost) candle
2- we are too close to a great support level with 3 touches in past
3- RSI is in oversold range
So we can be hopeful to this nice support level for entering a long position
BUT we need to be PATIENT and wait for price action and confirmations ...
so let's keep looking at this pair and see what's gonna happen ...
Are u gonna be a bull or bear in this pair ??
I'd be glad if you comment your opinion and tell me your view about it :)
GBPCAD
Comment:
hahahah , I took the profit , but it didn't touch the target here
Trade closed manually