GBP/CAD Fresh Retest Could see Another Entry

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GBP/CAD could make a fresh entry on a retest of 1.6721.

The market has made a breakout below the blue level which is the order block. If we see a move down the target is M L5 – 1.6587. However the retracement towards the 1.6721 should give us another trade opportunity. Go to the H4 timeframe and start searching for an entry around 1.6720. The market is bearish.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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