binaryoptions
Long

GBPCAD - BUYING CALLS FOR END OF WEEK EXPIRATION

FX:GBPCAD   British Pound / Canadian Dollar
100 1 0
this contracting triangle looks to be breaking out of a possible pennant on the higher time frames and this implies we are looking for higher values, around 1.68 to come and we should play this carefully as Fed on Wednesday most likely to bring high volatility levels.....therefore, end of week expiration should keep us out of the woods.
Agree! Today's PPI should show what will happen. Maybe will spike to 65's and go down again. RSI(10) shows some bearish divergence and expect to test the 618 again.
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