GBP/CAD: Buying the pullback, but why?
Updated
The current blue curve which supported the pair multiple times was broken on July 13, 2020.
I am buying the pullback assuming today's prices have reached a bottom.
As you can see, we have high volume node (HVN) around the 61.8% fib level which is my level of interest (target), suggesting it could face a strong resistance at these levels.
Trade at your own risk
I am buying the pullback assuming today's prices have reached a bottom.
As you can see, we have high volume node (HVN) around the 61.8% fib level which is my level of interest (target), suggesting it could face a strong resistance at these levels.
Trade at your own risk
Note
Let's zoom in a little bit: Note
Note
Trade closed: target reached
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