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adamh20

GBP/CAD - One to watch!

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
adamh20  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBP GBPCAD CAD LONG short
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trendanalysis chartpattern indicator gbp gbpcad cad long short
This pair could be very interesting this week as the support/resistance levels I have marked almost perfectly coincide with the 0.5 and 0.618 Fib levels.

We have two options here - short on the breakout of the 0.5 level or buy into the breakout of the 0.618 resistance. My bias here would be bullish.

Let me know what you think!
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