Guario

GBP/CAD ANALYSIS (short term)

Long
FX_IDC:GBPCAD   Livre sterling / Dollar canadien
////Hello traders, here is Guario and in this forecast we are going to talk about GBP/CAD possible future price action. As it can be seen from the chart the pair has strongly slowed his bearish run started form the 1.7798 maximum reached in the 12/Dec/2019. This could sign a possible bulls windward and a trend reversion. The bearish trend weak is confirmed by a visible Stochastic divergence near the last two lower price bottoms. Also notice how the pretty low volatility and the wide volume gap could make the reversal-trend's ascent reach higher price faster. Look at the chart for possible entry (which I suggest to place over the volumetric level of 1.7145), stop and target levels. Write me in the comments for any thoughts, question or critic. Good luck to everybody.////

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