GBPCAD– H4 Technical Analysis

74
FORECAST: BUY

The price has extracted liquidity at 157.817 and is clearly headed for the next liquidity pool.

The Liquidity zone 1.56 – 1.54 could the target if the bearish momentum continues.

The pair will do one of two things:

SCENARIO 1: (Line Arrow)

Pair will buy if sentiment changes from current bearish bias.

SCENARIO 2: (Dotted Arrow)
A liquidity weekly hunt to the 1.56 – 1.54 zone will reverse the trend to favor buyers.

Sentimental Analysis: Current

22% - Selling
78% - Buying

TRADE CALL: Waiting for BUY signal

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