Trading Idea Regarding GBPCAD
Updated
This pair is going to bullish right now
Technical Analysis:
1-Break Out Range 4hour Time Frame
2-Break out Downtrend line 4Time Frame
3-Break out Strong Resistance on Daily Time Frame
4-Moving towards top of the range on weekly time frame after retesting previous resistance level
Sentimental Analysis:
1-USDCAD has broken the downtrend line and is adopting bullish behavior (CAD weakness)
2-CADJPY retest the falling resistance and new lower low is expected(CAD weakness)
Technical Analysis:
1-Break Out Range 4hour Time Frame
2-Break out Downtrend line 4Time Frame
3-Break out Strong Resistance on Daily Time Frame
4-Moving towards top of the range on weekly time frame after retesting previous resistance level
Sentimental Analysis:
1-USDCAD has broken the downtrend line and is adopting bullish behavior (CAD weakness)
2-CADJPY retest the falling resistance and new lower low is expected(CAD weakness)
Note
Correction to weekly time frame analysisTrade closed: stop reached
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