GBPCAD APPROACHING A STRONG SUPPORT
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Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBPCAD, WHAT'S NEXT!?
As we can see price rejected our upper resistance zone and traded lower
So, for now price is approaching again our massive support zone, where we will be looking for new longs as well.
And as we can see price is forming a trendline still waiting for a new swing high to be formed around the trendline then a break.
1-2 Risk to reward retio from a risk management perspective.
Until that we are still bearish, and price can still trade lower to form a new bullish reversal pattern.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GBPCAD, WHAT'S NEXT!?
As we can see price rejected our upper resistance zone and traded lower
So, for now price is approaching again our massive support zone, where we will be looking for new longs as well.
And as we can see price is forming a trendline still waiting for a new swing high to be formed around the trendline then a break.
1-2 Risk to reward retio from a risk management perspective.
Until that we are still bearish, and price can still trade lower to form a new bullish reversal pattern.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Nota
See you there traders: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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