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The_Currency_Guy
Jul 18, 2021 8:20 PM

GBPCAD Longs Long

British Pound/Canadian DollarFXCM

Description

GC (GBP/CAD) longs
As per analysis this pair reached the top of our ascending channel and pushed up and threw also pushed threw the descending trendline which has made a triple zone (highlighted). Our bias is from here this pair will respect this triple zone area and push up to 1.74458 area before retracing to make a double zone before going long again.
Another good confluence is that we have a weak CAD which will also help drive the GBP up
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