GBP/CAD Long
Pair has come down and retested the daily trendline , which is also around the 50% fib retracement and area of support. On the daily we have a engulfing candle to the downside but we also have a wedge patterned that has formed. Also take note that price had began rejecting this area on the Daily which is highlighted by the long wick at the bottom of the candle. On the 4H we have have a engulfing candle to close out Friday. My bias is long but will scale down to 1H timeframes and wait for structure to show us which way it wants to go.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.