GBPCAD ON A BEARISH MOVE
GBPCAD made a bearish impulse from 1.69000 to 1.66000 breaking key support level at 1.68000. During correction on the impulse price made a rejection at the Golden ratio (61.8%) which was in confluence with the supply zone on the 4hr TF. From here we can look entry on smaller TF with TP at 1.64780.
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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.