GBPCAD has pøtential to reach a high in the purple box as illustrated as it is currently in an upwards trend, it is also above both my 50 period and 20 period moving averages indicating that a long signal is relatively likely to occur, however if two strong bearish candles are next there is a possibility for it to retrace and become a downwards trend or for a correction to occur.
What does everyone else think ?
What does everyone else think ?