![GBP/CAD Pivot Points Analysis - daily bearish reversal; weekly secondary correction to be started GBP/CAD Pivot Points Analysis - daily bearish reversal; weekly secondary correction to be started](https://c.mql5.com/6/691/splash-650836.jpg)
GBP/CAD Pivot Points Analysis - daily bearish reversal; weekly secondary correction to be started
5 October 2015, 15:11
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
1
820
W1 price is located to be far above yearly Central Pivot at 1.8021 in overbought condition:
- The price is breaking R3 Pivot at 1.9996 from above to below on close weekly bar for the secondary correction to be started within the primary bullish market condition.
- If weekly price will break R3 Pivot at 1.9996
so the secondary correction will be started with R2 Pivot at 1.9328 as a next target, otherwise the price will
be ranging within the levels.
MT4 планшет, темплата Blog12_w1_pivot
Instrument | S1 Pivot | Yearly PP | R1 Pivot | R2 Pivot | R3 Pivot |
---|---|---|---|---|---|
GBP/CAD | 1.7382 | 1.8021 |
1.8689 |
1.9328 | 1.9996 |
Trend:
- D1 - bearish reversal
- W1 - correction
- MN1 - bullish