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amanpaulbhogal

GBP/CAD looks to resume downward leg

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
amanpaulbhogal  
FX:GBPCAD   British Pound / Canadian Dollar
Support and Resistance 618 Fibonacci Retracement Exponential Moving Average (EMA) convergence
3
0
supportandresistance 618fibonacciretracement ema convergence
After a break below ~1.8150 and a strong move down price has retraced back to and rejected the ~1.8150 area with the 0.618 Fibonacci level being in spitting distance of it, and the 50 ema as well with a close below. Stochastic and RSI indicate convergence.

Entry - below today's bearish bar
Stop loss - above today's bearish bar
Target - initial profit taking area at previous low (1.7534)
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