FX:GBPCAD   British Pound/Canadian Dollar
214 4 7
Weekly chart here
snapshot
. No bullish or bearish pattern per se, but considering how this pair moves, I would say it's heading for a range.

The daily chart shows a double bottom with a divergence, confirmed by blue impulse and a piercing line pattern. The first target is a little above 1.81, where we find strong resistance from the two ranges, February - August and September - November. Second target is below the last major swing high at 1.85.

I have entered long this morning at the opening price, plus minus a few pips. Stop below the double bottom.
bharatest
2 years ago
Hi mate Thanks for sharing idea. Where should i put stop.
Reply
snapshot

Plus break of Trendline at 4h ;)
Reply
motleifaul
2 years ago
I think that, as the short ride up has been finished and the support zone might be tested again.
Downtrend intact
Reply
19.12.2014 closed position
snapshot

I don't have multiple lots so I am happy to take my profits here
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