GBPCAD Short to 1.73
GBPCAD after forming a Distribution Channel between 1.77-1.78, has moved
to a weak demand zone. It is weak because the reaction from Demand is minimal.
This is reflected in the VSA , with very low volume. No Buyers are defending the 1.7575
level.
Real Demand is likely to be positioned at 1.73, which is adjacent to a significant S/R level.
The sellers have been in control, and likely to maintain it for some time.
The bias is Bearish ( cross of price below 200MAV and RSI printing below 50 ), as is the intraday
Order Flow.
to a weak demand zone. It is weak because the reaction from Demand is minimal.
This is reflected in the VSA , with very low volume. No Buyers are defending the 1.7575
level.
Real Demand is likely to be positioned at 1.73, which is adjacent to a significant S/R level.
The sellers have been in control, and likely to maintain it for some time.
The bias is Bearish ( cross of price below 200MAV and RSI printing below 50 ), as is the intraday
Order Flow.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.