GBPCAD DAILY

Long

Livre sterling / Dollar canadien (FX:GBPCAD)

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FX:GBPCAD Livre sterling / Dollar canadien

trendanalysis supportandresistance gbpcad pound caddollar breakout retest uptrend higherhigh abcdpattern

Looks like this pair is ready to continue its bullish continuation after breaking its weekly downtrend line & now is getting ready for its next leg to the upside rejecting daily support. Something to keep an eye on!

Commentaire:

38.2 fib is one of the most reliable levels to me & is very trustworthy. There is big news for CAD this week & the OPEC meeting on Wednesday will have a lot of impact on oil (Correlated with CAD). I am not entering just yet.

Commentaire:

nice ABCD pattern here as well

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