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amanpaulbhogal
Aug 9, 2015 9:30 PM

Long GBP/CAD Long

British Pound/Canadian DollarFXCM

Description

With the appearance of Stochastic and RSI bearish divergence on the chart this pair is a bit of a hit-and-miss. However, since price action made a low test bar finding support at ~2.0200 and the rising trendline, and also rejecting the 20 ema there is a possibility of a bullish continuation to rejoin the up trend.

entry - above high of low test bar
stop loss - below low of low test bar
target - at/above previous high
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