GBPCAD: Possible Buying Opportunity at Support
The price reached a strong support zone. RSI is not far from the oversold zone as well as MACD histogram is below the signal line. If the price bounces from the support, these indicators will be able to give us solid bullish signals and support a possible upward movement. The price action at the support zone is going to give us interesting buy signals in the daily and hourly timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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