GBPCAD broke and closed below the psychological level 1.6900.
By forming a pinbars, the market rejected local resistance and the 50.2% fibo.
Notice, price action approached the level by printing small candles, indicating that there's no strength to go higher.
Price action is likely to pullback to the support level and go further down.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
By forming a pinbars, the market rejected local resistance and the 50.2% fibo.
Notice, price action approached the level by printing small candles, indicating that there's no strength to go higher.
Price action is likely to pullback to the support level and go further down.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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🔻FREE Telegram channel🔻
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