currencynerd

price action + supply and demand . gbpcad

Long
FX:GBPCAD   British Pound / Canadian Dollar
price is in a bearish channel and gave us a reversal at the bottom trendline pushing price to the upside , it then reacted to a 4hr demand zone @ 1.68938 , from my analysis I am expecting price to go long to a 4hr level on interest @ 1.69805 which started as 4hr support level , it is a major level as price validated it as most moves happen at the level.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.