GBPCAD has seemed to found support above 1.8600.
The recent swing low at 1.85646 i am anticipating this to be the end of the downside retrace and now buyers resume to continue the pair higher.
On the daily we can see the strength in buyers with the formation of a bullish hammer of the support zone at 1.8600
TP1: 1.87000
TP2: 1.87595
The recent swing low at 1.85646 i am anticipating this to be the end of the downside retrace and now buyers resume to continue the pair higher.
On the daily we can see the strength in buyers with the formation of a bullish hammer of the support zone at 1.8600
TP1: 1.87000
TP2: 1.87595
Trade closed manually
momentum has seemed to slow down for now after the initial upside push - exited the trade at break even, will revisit
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.