GBPCAD H4 - LONG
GBPCAD H4 - LONG
Prices made a double bottom and now broke out of the neckline structure, turning the resistance into support. A nice H4 bullish candle close with wick rejection downside serves as a good indication that buyers are interested in this area.
Dropping down to the hourly timeframe, we will be looking for a LONG position if it breaks 1.74800.
Prices made a double bottom and now broke out of the neckline structure, turning the resistance into support. A nice H4 bullish candle close with wick rejection downside serves as a good indication that buyers are interested in this area.
Dropping down to the hourly timeframe, we will be looking for a LONG position if it breaks 1.74800.
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