GBPCAD preparing for a long entry

Hello Everyone

A potential long trade is forming on GBPCAD.

4-5 Confluences are enough to keep an eye on this pair:

1- Daily Trendline Third Touch (in red)
2- H4 Channel Retest (in black)
3- Demand Zone Retest (in yellow)
4- H4 Support on 1.764 (in blue)
5- H4 RSI Divergence

*Trigger would be any Reversal Candlestick Pattern on H4 or Daily timeframe

Good Luck !

Kommentera:

here we have a trigger on daily timeframe

and here another trigger on h4

ready to go :)

Good Luck !