Fxprotrader

GBPCAD: In Case Of A Retracement, We Watch For Longs

Long
FX:GBPCAD   British Pound / Canadian Dollar
Multiple tests at the lower quartile and a slide parallel of an upslope median line show that we have a valid price slope and since we are in an uptrend, we should keep an eye for long setups. Price has broken above a corrective structure and if it retraces it will test once again the quartile of the median line. At that level we should watch for a buy setup to complete based on our strategy.

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