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11021992

GBPCAD: Bullish entry based on fibs

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
11021992  
FX:GBPCAD   British Pound / Canadian Dollar
GBPCAD AB=CD fib LONG
16
0
gbpcad abcdpattern fib long
Hi traders,

On the GBPCAD we can see some Fibonacci confluence between the 61.8% retraceement of the late January move and the potential AB=CD pattern that formed after that.
Entry: 1.61088
Stop: 1.60279
Target: 1.63135 = R:RR 2.53

Good luck traders!

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