GBPCAD potential bounce near monthly support

Livre sterling / Dollar canadien (FX:GBPCAD)

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FX:GBPCAD Livre sterling / Dollar canadien

GBPCAD is falling with a strong ADX. Previously, there have been buyers at lows slightly above the monthly support. Since the monthly support of 1.6580 is strong, I reckon it should hold before, a pullback occurs. My idea is that you buy near the demand zone charted with a SL at the monthly support, then you take profit at the daily pivot.

Commentaire:

I hope you entered the pullback.

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