GBPCAD: Indecision & Two Scenarios Explained 🇬🇧🇨🇦
Hey traders,
GBPCAD is approaching an important daily resistance cluster.
Depending on the market reaction to that structure I see two potential scenarios:
- Bullish
In case of a daily violation (daily candle close above) of a yellow zone,
I will expect a bullish continuation to 1.75 level. - Bearish
In case of a bearish breakout of a rising parallel channel on 4H,
a pullback will be expected to 1.72
(note that if the price will go above the underlined yellow resistance, the setup will be invalid)
Wait for the needed breakout & follow the market!
❤️Please, support this idea with a like and comment!❤️
Nota
Check my new idea on EURGBP: 
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
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