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GBPCAD Trade For Long Side For Shorter Time

Long
British Pound / Canadian Dollar (OANDA:GBPCAD)  
Fx_Trader_ViSa  
OANDA:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns GBP CAD GBPCAD gbpcadanalysis Technical Analysis Fibonacci Retracement LONG
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trendanalysis chartpattern gbp cad gbpcad gbpcadanalysis technicalanalysis fibonacciretracement long
GBPCAD has respected the Fibonacci retracement levels in the past very well as you can see it from the chart also from the current level it has to take the support at a 61% level. GBPCAD is also trading in rising wedge pattern. Long side trade can be initiate for a shorter time from the current price level & the target will be a meeting point of the resistance level of the rising wedge and the 72% Fibonacci retracement resistance level.

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Note - Trade With Proper Risk Management System only.

Thanks
Vivek Samale
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