GBPCAD continuation of a developing down trend
Price action on this pair is very similar to what I see in AUDNZD, I have already posted about that (see link attached).
Here too I am expecting a small retracement, either to the nearest resistance (1.7330) or the 50-61.80% retracement area. I will be monitoring PA if this happens on a lower t/f to find some bearish evidence. Target can be above the next support as shown on my chart.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management if/when you trade.
If you like my idea, please give a “boost” and follow me to get even more.
Please comment and share your thoughts too!!
Here too I am expecting a small retracement, either to the nearest resistance (1.7330) or the 50-61.80% retracement area. I will be monitoring PA if this happens on a lower t/f to find some bearish evidence. Target can be above the next support as shown on my chart.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management if/when you trade.
If you like my idea, please give a “boost” and follow me to get even more.
Please comment and share your thoughts too!!
Anmerkung
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.