GBPCAD on multi timeframe analysis:
Monthly frame: we see the pair testing a strong resistance, closing below it is taken as bearish.
Shorter frame: on 6hrs, we see a rising wedge pattern broken and price currently is trading below it. While we can short here and now we prefer waiting March closure. Another reason of shorting this pair is the likelihood CAD pairs to gain some strength in the upcoming period due to the increase of Oil prices.
If you will short market, SL will be closing above 1.69010.
All the best family!
Monthly frame: we see the pair testing a strong resistance, closing below it is taken as bearish.
Shorter frame: on 6hrs, we see a rising wedge pattern broken and price currently is trading below it. While we can short here and now we prefer waiting March closure. Another reason of shorting this pair is the likelihood CAD pairs to gain some strength in the upcoming period due to the increase of Oil prices.
If you will short market, SL will be closing above 1.69010.
All the best family!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.