GBPCAD Game Plan
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Looking at the last move on Friday, there was some selling pressure but it was not enough to show an impulse so we can't conclude that this is a sell opportunity.
Monthly View
Market seems trying to create a lower high which is lower than previous lower high
Daily View
Price at the middle of nowhere , look left , there is no evidence of significant reaction to this price level, so we assume that no reversal as yet
4 Hour View, Uptrend still intact, no support broken by the last move
Game Plan, Look to sell for retest of Friday High, if broken , our aim is to extension of 2.618 where we can look left and see some reaction.
If that happen we look for support turn to resistant.
In conclusion, I assume this is a pullback where market will aim for retest for weekly high or to complete the fibo extension 2.618.
let see what market will do. I will look for long opportunity until I see a retest or significant level
Monthly View
Market seems trying to create a lower high which is lower than previous lower high
Daily View
Price at the middle of nowhere , look left , there is no evidence of significant reaction to this price level, so we assume that no reversal as yet
4 Hour View, Uptrend still intact, no support broken by the last move
Game Plan, Look to sell for retest of Friday High, if broken , our aim is to extension of 2.618 where we can look left and see some reaction.
If that happen we look for support turn to resistant.
In conclusion, I assume this is a pullback where market will aim for retest for weekly high or to complete the fibo extension 2.618.
let see what market will do. I will look for long opportunity until I see a retest or significant level
Trade attivo
As I anticipate to be a bull, this is first trade I take
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