GBPCAD is just below price is the 1/8th Major Harmonic support level at 138.17 along with the final arc.
Bullish divergence between the Composite Index and the RSI .
The RSI is at a historical support level and the lowest level its been since the beginning of 2019. The past 7 times the RSI has dipped into this zone, GBPJPY has responded with an extremely violent move higher.
The Composite Index is at a 5-year low, going back all the way to July of 2015.
Trade active: Buy stops sitting below at 138.17, 137.86, 136.87 and 136.12
And looking to add more if it reaches 136.
Bullish divergence between the Composite Index and the RSI .
The RSI is at a historical support level and the lowest level its been since the beginning of 2019. The past 7 times the RSI has dipped into this zone, GBPJPY has responded with an extremely violent move higher.
The Composite Index is at a 5-year low, going back all the way to July of 2015.
Trade active: Buy stops sitting below at 138.17, 137.86, 136.87 and 136.12
And looking to add more if it reaches 136.