Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Price is reacting to the 38 fib level. Suggest waiting for a candle close before entering long. You need confirmations!
I missed the optimal entry for the long. I'll target the retest of resistance turned support for a second chance entry.
Hey traders, here is my analysis on GBPCAD let me know your thoughts below. To join our free discord please look in my signature field to get the link, see you in there!
GBPCAD Broke Out of Ascending Pennant Showing Continuation of The Up Trend. Ascending Pennant Is When The Market Makes Higher Lowes And Equal Highs, This Pattern Tends To Break Out To The Up Side. As You Can See The Market Still Has Free Space of About 170 Pips Till It Hits The next Past Support To Become Future Resistance And Also The Trend Line.
A short video about the GBP/CAD and why we expect it to drop. If you guys are interested in more of these video's and analysis, pleas let us know!!