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rishililawat5

GBP/CAD Technical Analysis.

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
rishililawat5  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Support and Resistance Trend Lines GBPCAD gbpcadidea gbpcadanalysis gbpcadshort gbpcadshortsetup
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trendanalysis supportandresistance trendline gbpcad gbpcadidea gbpcadanalysis gbpcadshort gbpcadshortsetup
Currently, GBP/CAD is trading at 1.7378. The pair is trading in a downward resistance and support channel. The price is moving towards its resistance level at 1.7396 and it can rebound back after touching resistance level. So, it is possible that after it rebounds from the resistance level it can touch its support level at 1.7217.

Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

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Thank you,

Rishikesh Lilawat
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