Diagonal support has been tested several times since March 19, as GBPCAD continues in its uptrend.
I expect it to soon hit the horizontal resistance at the 1.74 level before reversing towards former support levels, as shown.
A good entry could be after the H4 candle confirming a rejection of the horizontal resistance.
Let me know what you think!
I expect it to soon hit the horizontal resistance at the 1.74 level before reversing towards former support levels, as shown.
A good entry could be after the H4 candle confirming a rejection of the horizontal resistance.
Let me know what you think!
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