hope.bleecker

Pound Canada- Waiting for Retracement to Take Place

FX:GBPCAD   British Pound/Canadian Dollar
206 4 12
The Pound Basket is in the process of retracing. I have CTLs drawn across my pairs and am waiting for the Uturns to take place. This is the level for Pound Canada that I have drawn. The trade will extend to 1.9733 and the uturn could take place above this level. However, I am looking as deep as 1.8744 and have set an order beginning at that level. Thanks!
Comment: Not on this quite yet, but this level is looking enticing. I need a bull formation and a break of the CTL.
Broke support and at the next.. I'm looking for change of direction before I get in but think its due.
Thanks for your charts Hope, as always.
D
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hope.bleecker DamonDavies
Hey Damon. Just waiting for it to close above the pink line. oil has a potential break out which will send canadian dollar north.
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I am very light on this from 189.. running north..
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Hi Hope Like this one
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