Synapse
Long

GBPCAD - Confirms Long Opportunity on Parallel Channel Break

FX:GBPCAD   British Pound/Canadian Dollar
Greetings Fellow Traders,

Structural update for GBPCAD             shows 2 very important characteristics that occurred within the last 2 days of trading. First and foremost the Parallel Channel that was identified caused a market reaction and then was confirmed broken. Furthermore...the key technical level that has been suppressing the GBPCAD             from any bullish advancement has finally been confirmed to be broken.

There are 2 ways to trade this opportunity, personally I will wait for the retest of the parallel channel . However, do to the nature of the 2.03300 level it's possible that the trade will not become active.

Trade Opportunity:

Buy Limit 2.0260 or Manual Entry
Stop Loss 2.0175
Take Profit 1: 2.0500
Take Profit 2: 2.0800


Please do your own analysis before entering a trade. If you like what you see, feel free to share it, follow, comment or "like"

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out