ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor GBP/CAD Long-Term Trend: Bearish
Key Resistance Levels: 1.77971, 1.78302, 1.78926
Key Support Levels: 1.77295, 1.76512, 1.75298
Daily Chart:
The price on the higher time frame has seen a reaction at a resistance level of 1.78362 and has started showing bearish signs. A support level of 1.77707 has been broken which suggests further trend continuation.
GBP/CAD Medium-Term Trend: Bearish
4-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It faced resistance at a key level of 1.78302 and broke a trendline. As of now the pair has broken and retested a minor level of 1.77971 before continuing the momentum.
Signal Idea:
Sell Limit Order @ 1.77910
TP @ 1.77321
Stop Loss @ 1.78499
Trade Safely 🙂
