GBP Strengh has been relentless
We favour the LONG side of this pair now having cleared liquidity at previous levels identified in last GBPCAD shared idea on this platform.
A NEW 52W WEEK HIGH SEEMS VERY DOABLE FROM HERE.
Is that a Pin Bar on GBPCAD Daily Chart? GBP still strong?
47 Week High!
Is a new 52 week high the next victim here?
Some interesting Price action here now midweek across the GBP Pairs.
There is still so much time left in the day to trade, However there is NO DOUBT that many traders will be eyeing the current price structure of this pair and its current...
This has settled after the move last week. The spike has had some retracement and created a support. A long from here should be fairly safe, environment is bullish as can be seen using MACD and EMA's on 4HR and daily timeframes. Target is 1.77585 as there is a lot of previous structure and resistance around this level.
We are in a decent sized range on the hourly, a break of resistance along with the formation of support on lower timeframes can lead to price reaching the next resistance, it would be moving through a 35 pip clean range. However if we break support, we have a 30 pip range to fall through before tapping into the next support, however resistance needs to form first....