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GBPCAD / H1 / Daily Forex Technical Analysis / 6.21.2019

Short
Livre sterling / Dollar canadien (OANDA:GBPCAD)  
FuturesForexClasses  
OANDA:GBPCAD   Livre sterling / Dollar canadien
Trend Analysis Harmonic Patterns Chart Patterns GBPCAD gbpcadshort Technical Analysis june2019 Forex forexsignals forextrading forextradingzones forexanalysis
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trendanalysis harmonicpatterns chartpattern gbpcad gbpcadshort technicalanalysis june2019 forex forexsignals forextrading forextradingzones forexanalysis
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 21st, 2019 and we will be taking a look at the British Pound against the Canadian Dollar. Looking at the 1 hour time frame we are looking for price action to reach its previous area of resistance near the 1.678 region and stall out. If price action reaches this area and does lose momentum we will be preparing to enter short. Entry for a Short position near the 1.67914 area, with a Stop Loss near the 1.68318 zone, and a profit target zone of 1.66861 could possibly ensure a profitable trade with a 2.61 to 1 R/R.
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