greatbabfx

GBPCAD - Price direction - PRICE ACTION

Long
OANDA:GBPCAD   Livre sterling / Dollar canadien
GBPCAD had a rejection at a SUPPORT ZONE - price was pushed back up from the zone - making it a demand zone , more buyers are coming in, this area falls on my 61-79% fib retracement on 4HR chart, and falls on a uptrend line. BUY is possible at the zone indicated on my chart and the chart says the rest.
NOTE: Use proper risk management! Locking, taking partial profits or breaking even all help!
COMMENT PLS - Important too!
RESPECT HIGH IMPACT NEWS related to currency pair....... lock, taking partial profits or breaking even before related high impact news event.
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