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Alexander_Harford
Oct 9, 2020 1:33 PM

GBP/CAD πŸ‡¬πŸ‡§πŸ‡¨πŸ‡¦ to bounce from the Support zone!Β Short

GBP/CADOANDA

Description

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GBP/CAD πŸ‡¬πŸ‡§πŸ‡¨πŸ‡¦ is pulling back from the Resistance line. The price is about to rise according to RSI oversold zone , however looking at the Ichimoku we see that both the Base and Conversion lines lie above the price being slightly pointed downward , suggesting that the price will continue falling. However as there we see the Support zone from with I expect the reteset of the Uptrend!

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Comments
SunnyHillCapital
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Awesome work, Alexander! Thank you for sharing πŸ‘
TradingDragonFX
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interesting setup

as we have broken the channel the next trendline support i see is a push lower

Alexander_Harford
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@TradingDragonFX, thanks for the input
Dave-FX-Hunter
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This looks good mate. RSI oversold and trendline...
Alexander_Harford
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@DaweFXHunter, thanks mate
Alexander_Harford
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Share your thoughts on this chart :)
PolarHusk
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Testing trendline support, let us wait for a few days if it will hold. Thanks for sharing your idea πŸ»β€β„οΈπŸ˜ƒ
Alexander_Harford
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@PolarHusk, thanks for the valid input
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