greatbabfx

GBPCAD - Price direction - PRICE ACTION

Long
OANDA:GBPCAD   British Pound / Canadian Dollar
GBPCAD had a rejection at a SUPPORT ZONE - price was pushed back up from the zone - making it a demand zone , more buyers are coming in, this area falls on my 61-79% fib retracement on 4HR chart, and falls on a uptrend line. BUY is possible at the zone indicated on my chart and the chart says the rest.
NOTE: Use proper risk management! Locking, taking partial profits or breaking even all help!
COMMENT PLS - Important too!
RESPECT HIGH IMPACT NEWS related to currency pair....... lock, taking partial profits or breaking even before related high impact news event.
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.