GBP/CAD: Consolidation; update
Great Britain Pound/Canadian Dollar could to forming consolidation zone that we need to be carefully. I know that price doesn't make any break out and we see a possible market trap in this zone that you must to keep away. For that I closed up manually my trade in the afternoon without any loss or earned.
But now, I'm watching a liquidity zone that if GBP/CAD make any manipulation in this market trap, we could to entry in the red points $1.5210 CAD and not far like $1.5190 CAD to entry at favor of the manipulation. Because sometimes Forex market could to forming this movement very hard for amateur, but very understood by professional trader in Forex market.
Now, remember that we're in the bearish channel, but price could to make the following movement to confirm the resistance at $1.5362 CAD as possible to found out a good zone to bought in this par.
So guys, at the moment, I dont see any long or short, as we would to still pending in the interested point to watch.
But now, I'm watching a liquidity zone that if GBP/CAD make any manipulation in this market trap, we could to entry in the red points $1.5210 CAD and not far like $1.5190 CAD to entry at favor of the manipulation. Because sometimes Forex market could to forming this movement very hard for amateur, but very understood by professional trader in Forex market.
Now, remember that we're in the bearish channel, but price could to make the following movement to confirm the resistance at $1.5362 CAD as possible to found out a good zone to bought in this par.
So guys, at the moment, I dont see any long or short, as we would to still pending in the interested point to watch.
