TradingView
AdamHeng
Nov 12, 2016 5:20 AM

Short GBPCAD at resistance trend Short

British Pound/Canadian DollarFXCM

Description

Having an idea for short GBPCAD at classic pivot R2 line and highest point of previous downtrend (1.721 ~ 1.724). Due to harmony number of this pair' price change, tend to give allowable 200 pips exceed than the said potential resistance. If trend reversal and possible to retrace back the pivot point and 50% fibo (1.6636~1.6575).

Order cancelled

Btw, will GBPCAD hold at the support zone (1.6575 - 1.6636)?
More