10.06.2020
The currency pair is trading in the range of the 1.7120 resistance level. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overboughtness. A breakout of the round intermediate level of 1.7050 will result in the formation of a descending pattern of 1-2-3.
Trading recommendations:
Sell below 1.7050 when the 1-2-3 descending pattern is formed.
Stop loss: 1.7020.
Target levels: 1.6970; 1.6924; 1.6850.
When the price reaches the resistance level of 1.7120, cancel the trading plan.
The GBPCAD rate online: monitor the movement of the pair in real time.
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