GBPCAD
Updated
11:26 PM 29/07/19 Hit second resistance which is also 127 in fib extension. CHECK FOR REVERSAL ON THE UPSIDE THEN GO LONG.
10:10 AM 23/08/19 A breakout on the trend. Support zones prevented the trend to continue. Price action is indecisive. Several supports and resistance can be seen on the chart dating from 2018. Once the price gets past these zones, a potential long position can be made. Still waiting for confirmation on the few days.
10:10 AM 23/08/19 A breakout on the trend. Support zones prevented the trend to continue. Price action is indecisive. Several supports and resistance can be seen on the chart dating from 2018. Once the price gets past these zones, a potential long position can be made. Still waiting for confirmation on the few days.
Note
07:24 PM A breakout did happen but was stopped by previous support. Based on the price action, the bears engulf the bulls on previous days so the bearish trend, by the looks of the price will still continue.
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