hello trading viewers hope you enjoy weekend
for gbpcad i expect a short bullish rally to daily resistance which was the previous broken support of double top's neckline
as i draw the channel which seems to be a bullish flag
the excepted bullish rally will start with breaking the top of the channel trough the 4h resistance and then pullback to last high in market which i mentioned this is the point of my interest to opening a long trade for very short term and if everything happen i will execute my trade around daily resistance on 2nd tp
after that a huge bearish movement will hammer the price to weekly support level which i will ride with my all my passion ;)
but you have to pay most of your attention to trades and not to stuck in bull traps and beware of fake breakouts
for gbpcad i expect a short bullish rally to daily resistance which was the previous broken support of double top's neckline
as i draw the channel which seems to be a bullish flag
the excepted bullish rally will start with breaking the top of the channel trough the 4h resistance and then pullback to last high in market which i mentioned this is the point of my interest to opening a long trade for very short term and if everything happen i will execute my trade around daily resistance on 2nd tp
after that a huge bearish movement will hammer the price to weekly support level which i will ride with my all my passion ;)
but you have to pay most of your attention to trades and not to stuck in bull traps and beware of fake breakouts