GBPCAD potential bounce near monthly support

٨ ديسمبر ٢٠٢١

GBPCAD is falling with a strong ADX. Previously, there have been buyers at lows slightly above the monthly support. Since the monthly support of 1.6580 is strong, I reckon it should hold before, a pullback occurs. My idea is that you buy near the demand zone charted with a SL at the monthly support, then you take profit at the daily pivot.

٩ ديسمبر ٢٠٢١

ملاحظة

I hope you entered the pullback.