GBPCAD: The price may rise more if 1.7100 holds.

GBPCAD Close to a strong support area

The price found a strong support zone near 1.7100
it is not one of the best patterns but the price reaction is showing that the bulls have price control near that zone considering that GBPCAD bounced quickly from 1.7100 to 1.7125

The price may rise more if 1.7100 holds.
If the price will break through 1.7100 then we should be careful as it can be the beginning of any bearish wave. A different trading scenario.


You may find more details in the chart!
Thank you and Good Luck!

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Trade geschlossen: Ziel wurde erreicht:

Trade geschlossen: Ziel wurde erreicht: