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GBPCAD Possible Trend Change

Our Story:

  1. We had a nice Plutus Reversal Short with SI ratio 58.9/13.9=4.2 with 70 pips down move.

  2. We have hit Support Area coming from the Daily chart all the way to the left

  3. Huge up wave - that's the highest up wave since 30/3/2020

  4. Nice Plutus Long Pattern 32,6/15.1 =2.2 with 40 pips so far.

Two thinks are in the way: that 50EMA line which many times acts as resistance/support and the Fib Area coming up. which also happen to be a previous support that will become resistance now. Let's see what is going to happen there.


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