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Ryan_lopes

Short sell on GBPCAD (inside channel movement. TP and SL)

Short
Livre sterling / Dollar canadien (FX:GBPCAD)  
Ryan_lopes  
FX:GBPCAD   Livre sterling / Dollar canadien
Trend Analysis Chart Patterns GBP CAD GBPCAD gbpcadanalysis gbpcadshort gbpcadsell gbpcadtrend Parallel Channel
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trendanalysis chartpattern gbp cad gbpcad gbpcadanalysis gbpcadshort gbpcadsell gbpcadtrend parallelchannel
Hello traders. So here is our analysis on GBPCAD . Its a very simple analysis. We have used SUPPORT and RESISTANCE line. The pair is moving inside its CHANNEL for a long time now but has respected its support and resistance line every time. Now as we can see that the pair has hit its resistance line it has started to fall down.

One can see it with TP=1.60000 and SL=1.78000

Views welcome. Thanks.

Ryan.R.Lopes
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