TradingView
amanpaulbhogal
Sep 24, 2014 9:22 PM

GBP/CAD looks to resume downward leg Short

British Pound/Canadian DollarFXCM

Description

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)
More