ecryptfx

GBPCAD - What is it doing?

Giá lên
OANDA:GBPCAD   Bảng Anh/Đô la Canada
This pair is showing us bullish movements and here are a few things I see:
Higher Highs
  • Shown on higher and this timeframe
RSI Oversold
  • Most see this as an indication of price being bullish
Support
  • As seen at the current low, wicks, and candlesticks
Candlestick Patterns
  • Bullish Engulfing are being shown

Summary:
Price is finding support near our trendline, after creating a new low, if this candle closes above the trendline I assume the bulls are active. We might find some resistance pushing up from the previous bearish candlestick near the upper level inside the triangle.

The Goal:
Price will rise out of this zone/wedge created, retest our trendline with a bullish candlestick, and push up towards the 1.73576 area.

The Con:
If price happens to breach below our trendline, and retest with a bearish candlestick pattern, I'll assume a push towards our lower level will be the better entry.

What do you think about this analysis? Would you like to see more? Let me know in the comments, giving a like on this, or reaching out via Direct Message! - ecryptfx
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.