- GBP/CAD bears looking for confirmation of the downside prospects.
- Bullish conditions still persist until certain conditions evolve.
GBP/CAD has run into a key resistance on the weekly chart and is primed for a rin to the downside to fill in a monthly wick.
Bears will be looking for 4-hour confirmations and the following illustrates how to get there, starting with the monthly chart:
Monthly chart
The weekly chart to fill in the monthly wick
The price is being resisted at a key level and is ripe for a short.
Daily chart has more price development to go
4-hour chart
Bears will want to see bearish conditions on the charts and for that, we need to see the RSI lower and the price break below the 21 moving average.
The most important aspect is price will need to get below the support structure and on a retest of the area, find that there are bearish commitments.
FXStreetから転載、著作権はすべて原作者に帰属します。
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。