Will GBPCAD React At 1.60 ???
Pair is aproaching a previous strong support level @ 1.60 you also have a weekly SUPPLY/SELL zone located from 1.60 - 1.62 , also with 1.60 being a nice psychological round number giving this SELL idea lots of cnfluence and we are likely going to see a reaction on the approach to 1.60 or above.
I will be starting to look for SELL signals from my indicator above 1.594 from time frames 4hr to daily target for the trade will be a freshly created DEMAND/BUY zone around 1.56 you also have the previous swing high in current leg up in this area.
Lets see how we go :)
I will be starting to look for SELL signals from my indicator above 1.594 from time frames 4hr to daily target for the trade will be a freshly created DEMAND/BUY zone around 1.56 you also have the previous swing high in current leg up in this area.
Lets see how we go :)
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