GBPCAD Buy set up -
The market has been in the downward channel since 6th June.
Rejection of Support trend line followed by the 3 green candles have indicated a buy up to the resistance trendline.
One key factor to look for is if the market does find support of the Daily support 1.65950
If not then the market will drop to Support trend line giving an option for re-entry.
150 pip trade potential.
The market has been in the downward channel since 6th June.
Rejection of Support trend line followed by the 3 green candles have indicated a buy up to the resistance trendline.
One key factor to look for is if the market does find support of the Daily support 1.65950
If not then the market will drop to Support trend line giving an option for re-entry.
150 pip trade potential.
Trade active:
1.65550
Trade closed: stop reached