GBPCAD– H4 Technical Analysis
FORECAST: BUY
The price has extracted liquidity at 157.817 and is clearly headed for the next liquidity pool.
The Liquidity zone 1.56 – 1.54 could the target if the bearish momentum continues.
The pair will do one of two things:
SCENARIO 1: (Line Arrow)
Pair will buy if sentiment changes from current bearish bias.
SCENARIO 2: (Dotted Arrow)
A liquidity weekly hunt to the 1.56 – 1.54 zone will reverse the trend to favor buyers.
Sentimental Analysis: Current
22% - Selling
78% - Buying
TRADE CALL: Waiting for BUY signal
The price has extracted liquidity at 157.817 and is clearly headed for the next liquidity pool.
The Liquidity zone 1.56 – 1.54 could the target if the bearish momentum continues.
The pair will do one of two things:
SCENARIO 1: (Line Arrow)
Pair will buy if sentiment changes from current bearish bias.
SCENARIO 2: (Dotted Arrow)
A liquidity weekly hunt to the 1.56 – 1.54 zone will reverse the trend to favor buyers.
Sentimental Analysis: Current
22% - Selling
78% - Buying
TRADE CALL: Waiting for BUY signal
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