GBP/CAD has formed a triangle structure. The resistance level is a weekly resistance zone with multiple candles rejecting the level. The strength of the resistance at the moment seems stronger but time will tell which way the market will head. a uptrend has also formed on the daily time frame. I believe price will carry on making its way up and the price right now is a possible secure sniper entry to the resistance zone which is 700 pips away. Entries for a long position can be found on smaller time frames
Kommentera:
entries on 15m
entries on 15m
Entries for 4 hour