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GBPCAD Analysis 05.11.2019

05.11.2019

Market Review

The pivot zone 1.6931 holds back sellers. The currency pair is trading in the range of 135 moving average directed upwards. Bullish divergence has formed on Awesome Oscillator indicator, and the Stochastic Oscillator indicator signals oversoldness.

 

Trading recommendations:

Buy while the current upward trend of an upward pattern 123 is forming.

Stop Loss under the local minimum (1.6931).

Target - 1.7078.

When the profit is equal to the stop order, close the  ½ of the order.

Author: admin
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