EvanJones
Long

GBPCAD Poised for a breakout to the above?

FX:GBPCAD   British Pound/Canadian Dollar
A diverging wedge to the downside gives potential for a long trade on GBPCAD             . If the resistance break above 1.87555 can be achieved then potentially this will break to the upside with further evidence to break out of this wedge and to resume a nice bull trend.

My suggestion is to wait for the 20/03/15-12:30 CAD (GMT) economic news event and place a long trade at 1.87560. a nice Risk to Reward ratio could be played here
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