FX:GBPCAD   British Pound / Canadian Dollar
216 0 3
Here we have GBPCAD             , price has been putting in higher highs and higher lows, showing a bull market.
Price broke out the bullish trend line in September.
Since price has been rejected by the 38.2% retracement and 1.98 support. (Higher Low?)
Looking for price to break above 2.03 for any long positions.
If price breaks the counter trend line , then we are likely to see price return to 1.98 and possibly further downside.
Possible Risk Reward shown.
Use analysis in conjunction with your own bias.
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