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.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.