Looking on the 4 hour chart, GBPCAD has been selling off since Christmas Eve (24th December). We are currently trading in a significant support zone, which has been respected twice.
I think a short term buy position is a potential, using the Stochastic indicator and the Resistance Zone which are marked on my chart.
However, we will be swing trading a Short position as the market follows the descending trend.
Let me know your thoughts!
@newgenforex in all social media platforms.
I think a short term buy position is a potential, using the Stochastic indicator and the Resistance Zone which are marked on my chart.
However, we will be swing trading a Short position as the market follows the descending trend.
Let me know your thoughts!
@newgenforex in all social media platforms.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.