Forex GBPCAD 12/15/2020

 Forex GBPCAD 12/15/2020

                          Hey Guys It's me Onesiphoro, In this blog, I will share with you my
experience of trading GBPCAD 12/15/2020. Ok as always I begin with the higher
time frame in order for me to determine the direction of the General trend.

                    The next time frame is the daily chart. This chart almost tell every story
of what  happening inside the current exchange rate of GBPCAD 12/15/2020. I
know its so messy because of a lot of trend lines but this is the way I trade, I hope
that you still clearly see the bar.

                   The candle stick suddenly goes down and break the support, In this case it going to be difficult to identify where the trends will go. Since I only doing day trade I will look only at the 1 hour chart to determine the flow of trend even it was just a retracement.

                                                                         I'm not certainly sure about the direction of the trend if it was going to be follow but it seems to me that the resistance is stoping it to go to long to make sure it follow the trend credit to the resistance. Will this is it for today hope you gain idea of how i trade this currency but just like a lot of traider said the traiding is a game of probability so make only the trade that you can afford to lose.