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.
Penafian: Pandangan yang dinyatakan adalah semata-mata dari pengarang dan tidak mewakili kedudukan rasmi Followme. Followme tidak bertanggungjawab ke atas ketepatan, kesempurnaan, atau kebolehpercayaan maklumat yang diberikan dan tidak bertanggungjawab untuk sebarang tindakan yang diambil berdasarkan kandungan, melainkan dinyatakan secara bertulis secara jelas.
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