GBPCAD a turn at the 0.786đŠ
GBPCAD on the 4h chart got rejected by the resistance area at the 1.68500 and retraced at the 0.786 fibonacci level.
The Price touched the 0.886 with a spike before inverting and retesting the weekly structure.
Overall the bias remains bullish and this make us think that a break of the resistance is still possible with an increasing pressure of the buyers.
How can i approach this scenario?
I will wait for a potential break of the interested area and if that occur i will look for a nice long order according to the MTB Plancton's strategy.
The Price touched the 0.886 with a spike before inverting and retesting the weekly structure.
Overall the bias remains bullish and this make us think that a break of the resistance is still possible with an increasing pressure of the buyers.
How can i approach this scenario?
I will wait for a potential break of the interested area and if that occur i will look for a nice long order according to the MTB Plancton's strategy.