GBPCAD Long Double Bottom & Weekly Deceleration
Hi guys,
hope you had a nice weekend. At the start of the trading week GBPCAD presents itself with a long opportunity. Price has found a bottom at the weekly Fibonacci level and has closed as a lowtest on friday.
We have bearish MACD Divergence and a potential H&S Pattern, however with 5 confluence factors and prime deceleration I will take a position.
The stop is protected below recent price action, the target is below the next resistance zone in anticipation of a potential weekly lower high.
Happy trading
hope you had a nice weekend. At the start of the trading week GBPCAD presents itself with a long opportunity. Price has found a bottom at the weekly Fibonacci level and has closed as a lowtest on friday.
We have bearish MACD Divergence and a potential H&S Pattern, however with 5 confluence factors and prime deceleration I will take a position.
The stop is protected below recent price action, the target is below the next resistance zone in anticipation of a potential weekly lower high.
Happy trading
Nota
the weekly chart is showing a potential rejection of the horizontal support zone aswell as the weekly 0.5 fibonacci retracement level
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.