GBP/CAD: entry in the 0.618% fibo to bullish setup
We see a nice opportunity to long GBP/CAD to the bullish setup that I have in my hand. First, GBP/CAD still bullish.
In H4 timeframe, GBP/CAD still in the descending trend that became bullish from January, 8, 2023. What this mean a great opportunity to entry to long in USD/CAD from this month.
Now, in H1 timeframe we see that GBP/CAD made a price in the 0.618% fibonacci level, indicating the best zone to buy. The EMA 200 could indicating support later of this fake break out.
For the moment, I decide to put a buy order limit in $1.6524 CAD, Stop Loss in $1.6474 CAD and take profit to $1.6665 CAD.
I hope that this classic analysis support you
Good luck!!!
In H4 timeframe, GBP/CAD still in the descending trend that became bullish from January, 8, 2023. What this mean a great opportunity to entry to long in USD/CAD from this month.
Now, in H1 timeframe we see that GBP/CAD made a price in the 0.618% fibonacci level, indicating the best zone to buy. The EMA 200 could indicating support later of this fake break out.
For the moment, I decide to put a buy order limit in $1.6524 CAD, Stop Loss in $1.6474 CAD and take profit to $1.6665 CAD.
I hope that this classic analysis support you
Good luck!!!
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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.