Торговля дня: GBP / CAD

От: Dima Chernovolov

GBP/CAD continues to fall inside the 4-hour Up Channel chart pattern which was previously identified by Autochartist. Autochartist оценивает качество этого Up Channel на уровне 7 баров, что отражает резкий начальный тренд (8 брусья), выше средняя Однородность (6 брусья) и выше четкость (7 бары каждый). GBP/CAD is expected to fall further inside this Up Channel – in line with the earlier downward reversal from the key resistance area shown below.

As can be seen from the daily GBP/CAD chart below – the top of this Up Channel formed when the price reversed down from the resistance area lying between the pivotal resistance level 1.7180 (former monthly high from June) и верхняя полоса Боллинджера ежедневно. The proximity of this resistance area and the strength of the previous daily downward impulse (its strength reflected by the near-maximum Initial Trend value) increase the probability GBP/CAD will continue to fall inside this Up Channel.