GBPCAD: Detailed Technical Outlook
Quick Update on ⚠GBPCAD:
Analyzing the price movement on a 4-hour chart today, I observed that the market is in a consolidation phase.
There is a tight trading range occurring horizontally.
Traders interested in selling should wait for the price to break below the support level of this range.
A clear signal of a bearish trend would be a 4-hour candle closing below 1.7683. If this occurs, it is likely that a bearish trend will follow.
The next level of support to watch for is at 1.7600.
Analyzing the price movement on a 4-hour chart today, I observed that the market is in a consolidation phase.
There is a tight trading range occurring horizontally.
Traders interested in selling should wait for the price to break below the support level of this range.
A clear signal of a bearish trend would be a 4-hour candle closing below 1.7683. If this occurs, it is likely that a bearish trend will follow.
The next level of support to watch for is at 1.7600.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.