lilsheggwen

GBPCAD expecting some bullish sentiment on 1.70000

Long
FX:GBPCAD   British Pound / Canadian Dollar
GBPCAD has been on a massive downtrend after retesting 1.75000 since 20th september to 1.69000, this level might bring some bullish sentiment as it finds support around this level from the weekly timeframe . the bulls push breaking 1.70000 with a strong bullish momentum, therefore am expecting a retrace then continue till 1.72500.

Confirmation is waiting for a reversal candlestick pattern on 1.70000, then a break of the recent support turn resistance created.

kindly drop your suggestions in the comment box.