GBPCAD bearish confluence

11 במרץ 2018

Potential further rejection after last weeks pinbar at a confluence zone consisting of the 1.800 psychological level, a recent supply zone and an equidistant channel from last years low. Price also seems overextended and a pullback to the MA is likely. I see next support at around 1.740.



*Personal analysis only. It is advised to use your own rules and strategies prior to entering market.