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Profound_Ambition

GBPCAD DAILY

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
Profound_Ambition Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Support and Resistance GBPCAD pound caddollar breakout retest uptrend higherhigh AB=CD
3
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trendanalysis supportandresistance gbpcad pound caddollar breakout retest uptrend higherhigh abcdpattern
Looks like this pair is ready to continue its bullish continuation after breaking its weekly downtrend line & now is getting ready for its next leg to the upside rejecting daily support. Something to keep an eye on!
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snapshot
38.2 fib is one of the most reliable levels to me & is very trustworthy. There is big news for CAD this week & the OPEC meeting on Wednesday will have a lot of impact on oil (Correlated with CAD). I am not entering just yet.
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nice ABCD pattern here as well
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