Libra Esterlina/Dólar CanadenseAtualizado GBPCAD - Inflection point on dynamic support
Bounce, pause or more downside?
Yesterday's candle saw price reject dynamic support - but will it hold?
Given that the prevailing trend is still down, I'm still interesting in shorts over longs.
How to play the short?
If we get a daily close below the wick /low of yesterday's candle, we've got an excellent sign that the bears remain in control.
Alternatively, some sort of channel like structure, as I have indicated, allowing for a pause/consolidation before the next move down might be on the cards.
Yesterday's candle saw price reject dynamic support - but will it hold?
Given that the prevailing trend is still down, I'm still interesting in shorts over longs.
How to play the short?
If we get a daily close below the wick /low of yesterday's candle, we've got an excellent sign that the bears remain in control.
Alternatively, some sort of channel like structure, as I have indicated, allowing for a pause/consolidation before the next move down might be on the cards.
Trade fechado: objetivo atingido
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.