alphabetacharlie
Long

GBPCAD - Orange Bat goes for targets, after hitting support

FX:GBPCAD   British Pound/Canadian Dollar
31 1 0
After getting low but not stopping us out, because we but smart stops :) Market goes higher for target one. Target is at 1.8352. We may have trouble getting through blue dotted line (=support level becoming resistance), it matches right in 0.5 fibs of last leg of the move. We could see a retest of that structure level, then we have a double top with a 2618 trade opportunity. Either way we have a trade to make...
On 15MIN CHARTS we have double top !
snapshot

RSI shows a lower high at second top.
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