💱 GBPCAD - Support is broken. Waiting for the fall

20 באוק׳ 2023

GBPCAD is breaking trend support and testing the level of 1.6606. Consolidation under the level will form a sell entry point



TA on the high timeframe:
1) Global trend is bearish
2) The correction is ending. The signal is a support breakout

TA on low timeframe:
1) Price breaks trend support after failing to make a new high
2) Market sentiment is to sell (indicator on the left)
3) Consolidation below 1.6606 will give an entry point

Key resistance: 1.6606, 1.669
Key support: 1.6517