GBPCAD is hovering at a nice support level, to look for a long. With other CAD pairs also.
What's nice to see is:
- there is a strong downtrend
- Consolidation candles at support level
- pinbar/ liquidity bar
However this can easily be a fake pattern and continue bearish.
So what I want to see is:
- A strong bullish engulfing candle, that engulfs the last 3 candles.
Let's see what happens...
What's nice to see is:
- there is a strong downtrend
- Consolidation candles at support level
- pinbar/ liquidity bar
However this can easily be a fake pattern and continue bearish.
So what I want to see is:
- A strong bullish engulfing candle, that engulfs the last 3 candles.
Let's see what happens...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.