Analysis
I'm looking for a long position on GBP/CAD
On the daily chart, price is in an uptrend
On the 4 HR chart, price is entering a major structure, a potential bounce of it to the upside
Price is in between two support pivot points and a previous resistance pivot points
It is lined in between the 50% and 61.8% Fibonacci Levels
On 1 HR chart, 14 period RSI is printing an oversold market on the 1hr chart
I am entering on a breakout of the pullback trendline
I'm looking for a long position on GBP/CAD
On the daily chart, price is in an uptrend
On the 4 HR chart, price is entering a major structure, a potential bounce of it to the upside
Price is in between two support pivot points and a previous resistance pivot points
It is lined in between the 50% and 61.8% Fibonacci Levels
On 1 HR chart, 14 period RSI is printing an oversold market on the 1hr chart
I am entering on a breakout of the pullback trendline