2015-11-09_20-59-57gbpcad

On this gbpcad daily chart we may see that price retraced nicely to a role reversal area.

This means that previous resistance became support.

As long as the blue number 1 is not broken and if we get a nice bullish candlestick reversal pattern then we might have the continuation of the bullish move.

The next area of interest might be the upper yellow line where price is likely to be moving if support holds.

One thought on “GBPCAD Daily Chart”

  1. Dimitar Ivanov says:

    10x Nuno.

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