Martinspoon

GBP-CAD Finding Support at PSR?

Long
FX:GBPCAD   Livre sterling / Dollar canadien

Hello There.... Here is another pair that has revisited an area of previous support and resistance. If history repeats itself, we might be up for a good reward to the upside side. I am now waiting for a high arising out of the current low to place my trend line. If price closes above the trend line without taking out its initiating low, that will be my entry. STOP at the low of the U turn and TARGET at Fib 100 and then Fib 127.2. I hope this little helps. Thank you.

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