GBPCAD testing a resistance 🦐
GBPCAD on the 4h chart is trading below a key resistance level at the 1.68500.
The structure has been tested few times also in the past and a retracement t to the 0.382 or lower Fibonacci level can be seen before the bulls regain strength.
How can i approach this scenario?
I will wait for a retest of the support area and IF the price will revere and satisfy the Plancton's strategy i will set a nice long order.
The structure has been tested few times also in the past and a retracement t to the 0.382 or lower Fibonacci level can be seen before the bulls regain strength.
How can i approach this scenario?
I will wait for a retest of the support area and IF the price will revere and satisfy the Plancton's strategy i will set a nice long order.
Comment:
waiting for a break