Technician
Long

GBPCAD: Short term Bullish above 1.9000 #forex

FX:GBPCAD   British Pound/Canadian Dollar
1151 8 23
Short term Upside favored, but 1.9000 remains the key support

The pair has been trending higher recently. The short term trend is up, while price hits recent support area , meantime stochastic signals oversold.. We could see a push higher towards the recent high at 1.9173.

Alternatively, if we hold below the recent support at 1.9000 , we might retest next support at 1.8830.

Good luck
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what now? i think its a long, what do you think?
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Im on the short side for this one :( . Break of trendline @ 88.6% is my basis for bearish continuation.

GBPCAD SELL
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I believe breakout to either side of the consolidation could present us with a nice conservative entry :)
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Very clean analysis. Thank you Technician and good Luck :)
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Technician TOP moneymaking
Always thankful for you
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Great simple analysis Technician! =)
+1 Reply
I wish if i could always be simple :D
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Daniel.B Technician
Hehe don't we all =D
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