GBPCAD Possible Sell

Trading Discussion Currencies
1

Looking for a Sell on GBPCAD.

We have a major Support & Resistance / Supply & Demand area highlighted by the blue zone. Market has been dancing around this zone and currently it is showing signs of getting rejected to the south further.

Waiting to see if we break the lower Yellow Support Resistance Line. If so then a pullback to the circled area is good for a sell.

CADJPYFeb_1
CADJPYFeb_11904×820 12.2 KB

2

No propper setup, abandoning trade.

Markets have gone further north using the SnR area as support.

880×380

3

Ah once it broke the blue zone, would have been a good time to buy and set TP at the resistance area there 1.73 or something! SL prob 1.70…

4

Oh oops completely missed your second update lol