GBPCAD Potential Buy on Retest

This currency has broken the descending trendline and made a massive move up quickly. then price slowed down and started to retrace to now in the 50% Fibonacci area.

currently the price needs to be watched if there is a breakout to the upside on h1, then buy order can be made.

or there is a possibility that the price will move deeper down in the 61.8% Fibonacci area before continuing the upward movement towards the 1.64 level

Trade ist aktiv:

Price close above resistance on h1. Im open position on 1.628

Trade geschlossen: Ziel wurde erreicht:

happy trading everyone