I will be long GBPCAD on a break of the Trend line, possibly up to the weekly or monthly pivot point. It is becoming Oversold on the 28 level RSI which means it should pullback soon. So at the very least I am expecting a pullback to the trend line so there is an opportunity to make some pips. Remember to keep your trade sizes small and manage losses so they don't get out of hand!
Comment:
Still watching for trend line break, be weary of cad news today!
Trade closed: stop reached:
entered trade on break of trend line, stopped out for profit at about 30 bucks.
