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Forex_Pros

GBPCAD trade Setup for tomorrow and 30 confirm pips for now

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
Forex_Pros  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis instantforexbosses GBPCAD gbpcadshort
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trendanalysis instantforexbosses gbpcad gbpcadshort
GBPCAD has recently broken the sell trend now has the possibility to fly up again, though having a resistance on the way which has proven to be cranky before which the marked brown resistance.For now if we sell GBPCAD@1.71961 we can have approx 28 pip till 1.71724 while appropriate sl would be 1.72101 as we have not seen the market bouncing back if it intends to break this support. Secondly tomorrow GBP GDP is coming out on which GBP is expected to fall, but to be on the safe side and grap pips in either direction wait till the news comes out and keep buy and sell limits ready in either direction (Just to be safe ). In either direction we can get some easy 40-50 pips and leave the market.
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