GBP/CAD faces resistance around 2.0185, good to sell on rallies
Candlestick Pattern- Shooting star
Major trend line resistance -2.01850 (trend line joining 2.0369 and 2.02779)
The pair has made a high of 2.01844 and started to decline from that level. It is currently trading around 2.01365.
Any break above 2.0185 will take the pair till 2.0226/2.0278.
On the lower side major support is around 2.0100 and break below will drag the pair down till 2/1.9870.
It is good to sell on rallies around 2.0150 with SL around 2.0200 for the TP of 2.07/2/1.9870
Major trend line resistance -2.01850 (trend line joining 2.0369 and 2.02779)
The pair has made a high of 2.01844 and started to decline from that level. It is currently trading around 2.01365.
Any break above 2.0185 will take the pair till 2.0226/2.0278.
On the lower side major support is around 2.0100 and break below will drag the pair down till 2/1.9870.
It is good to sell on rallies around 2.0150 with SL around 2.0200 for the TP of 2.07/2/1.9870