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ThinkingAntsOk

GBP/CAD Break or Bounce by ThinkingAntsOk

British Pound / Canadian Dollar (FX:GBPCAD)  
ThinkingAntsOk  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis GBP CAD GBPCAD pound USD dollar analysis short Bullish Patterns
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trendanalysis supportandresistance mtfa gbp cad gbpcad pound usd dollar analysis short bullish
🔸 4H CHART EXPLANATION:
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🔸 Price is moving sideways on the 4H chart and it is about to face the Support Zone.
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🔸 We will trade this pair based on the reaction in that zone.
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🔸 If it is broken, then there is potential for a downside move towards the Ascending Trendline, and, if price bounces, then we could see a bullish move towards the Resistance Zone.
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🔸 Will look for a lower timeframe setup when the scenario is clear.

🔸DAILY CHART ANALYSIS:

snapshot

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