GBPCAD a turn at the 0.786🦐
GBPCAD on the 4h chart got rejected by the resistance area at the 1.68500 and retraced at the 0.786 fibonacci level.
The Price touched the 0.886 with a spike before inverting and retesting the weekly structure.
Overall the bias remains bullish and this make us think that a break of the resistance is still possible with an increasing pressure of the buyers.
How can i approach this scenario?
I will wait for a potential break of the interested area and if that occur i will look for a nice long order according to the MTB Plancton's strategy.
The Price touched the 0.886 with a spike before inverting and retesting the weekly structure.
Overall the bias remains bullish and this make us think that a break of the resistance is still possible with an increasing pressure of the buyers.
How can i approach this scenario?
I will wait for a potential break of the interested area and if that occur i will look for a nice long order according to the MTB Plancton's strategy.