Get started
easyMarkets

GBPCAD bounced off support, potential for further bounce!

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
easyMarkets Broker  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPCAD GBP CAD gbpcadlong gbpcadshort Forex forextrading forexsignals
43
0
trendanalysis harmonicpatterns chartpattern gbpcad gbp cad gbpcadlong gbpcadshort forex forextrading forexsignals
Price is approaching our first support (horizontal swing low support, short term ascending support line, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce to our resistance (horizontal swing high resistance, 50% Fibonacci retracement) might occur.
Stochastic is also seeing a bounce where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


Come join us today at : www.easymarkets.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.