ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor GBP/CAD Long-Term Trend: Bearish
Key Resistance Levels: 1.88976, 1.89271, 1.89654
Key Support Levels: 1.88561, 1.88232, 1.87695
Daily Chart:
The price on the higher time frame has recently tested a strong resistance level of 1.89271 and reversed the direction. The pair has shown a bearish reaction from the marked supply zone which suggests a further downward momentum.
GBP/CAD Medium-Term Trend: Bearish
15-Minute Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It has shown pullback to the resistance area of 1.88976. As of now the pair has reacted and broken the minor bullish structure before continuing the momentum.
Signal Idea:
Sell Stop Order @ 1.88855
TP @ 1.88612
Stop Loss @ 1.89098
Trade Safely 🙂
This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.
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