POTENTIAL TRADE: GBP/CAD (2H)
At the moment price action is consolidating. We have observed a sequence of lower highs and lower lows which indicates that the downtrend remains intact, despite a micro-trendline break-out. I will continue to watch this and wait for an impulse before entering any trade on this pair. Price is testing a key zone of micro buying demand. I am watching to see if we can get a break below this zone before entering short positions. If however we get a candle closure above the 1.750 level, this could indicate that we could see upside momentum.
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If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
At the moment price action is consolidating. We have observed a sequence of lower highs and lower lows which indicates that the downtrend remains intact, despite a micro-trendline break-out. I will continue to watch this and wait for an impulse before entering any trade on this pair. Price is testing a key zone of micro buying demand. I am watching to see if we can get a break below this zone before entering short positions. If however we get a candle closure above the 1.750 level, this could indicate that we could see upside momentum.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
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.