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TahirKhan
May 20, 2016 10:23 AM

GBPCAD.. APPROACHING CRITICAL LVLS..  

British Pound/Canadian DollarFXCM

Description

GBPCAD.. APPROACHING CRITICAL LVLS..

i.imgur.com/c47Tw1m.png
GBPCAD 8 hr - 9220-3X possible top off zone and a critical point - Test to it be a third attempt and as such been a break point would expect to hold initial attempt - making it a decent spot to enter shorts..

i.imgur.com/1y0yUF6.png
GBPCAD 8 hr -Same chart and it's one of those zones / angles where if price ends up holding 1-2 more attempts carries potential for some 4-600 pips drop on the pair; before likely it getting bull out ... 1.2000 is something that can't be ignore now....

Comments
Alex.Singletary
2.2000 you mean?
TahirKhan
Absolutely right.... My fault.. thanks for correction....
Alex.Singletary
glad we are on same page :)
TahirKhan
Thumbs Up....
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