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Bernd_Skorupinski

GBPCAD 16h Demand - Potential Bear Trap

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
Bernd_Skorupinski  
FX:GBPCAD   British Pound / Canadian Dollar
Supply and Demand supply_and_demand Demand Zone demand_zone GBPCAD gbpcadlong
6
0
supplyanddemand supply_and_demand demandzone demand_zone gbpcad gbpcadlong
All Trade Parameters shown on the chart. Long setup in 16h Demand. Wider version is touched. Not completely fresh anymore but still high quality. Could also be a bear trap: Above we have daily support if it breaks retail traders go short. Below we find a high quality demand zone with unfilled institutional buy orders sitting to move price higher.
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