The Pair Gbpcad hits a support at 1.72831 after three daily candle sticks rapid bearish pressure, the higher low and higher high candle formation indicates an uptrend, this means that the current support may be a pullback to the rising trend. A bullish daily candle stick close from this level may attract further buys to the next resistance at 1.74979. A close below this level may lead price to the next support at 1.71814 before a possible bounce.
I would be watching price action from this zone and would prefer to wait for long opportunities as I have a bullish bias for the next days, A break below 1.71814 would invalidate my bias.
Disclaimer: What I have shared above is not a financial or investment advice, it’s an opinion that could be helpful for educational purposes only, whatever trading decision you make is at your own risk.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
