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GBPCAD Reverses After Breaking Below Key Handle

GBPCAD Reverses After Breaking Below Key Handle

GBPCAD has broken free from the ascending channel that extends from the August low at 1.6605. The breakout occurred yesterday just before the session closed while the retest of the level as new resistance materialized during today’s non-manufacturing PMI, which disappointed at 51.4. Although the pair has successfully retested the Key Handle, the price action […]

The post Gbpcad Reverses After Breaking Below Key Handle appeared first on Daily Price Action.



This post first appeared on Daily Setup Archives | Daily Price Action, please read the originial post: here

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GBPCAD Reverses After Breaking Below Key Handle

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