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BluFX

GBPCAD Long at 0.6675 Up to 0.6840 and 0.6960

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
BluFX Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Beyond Technical Analysis GBPCAD gbpcadlong GBP CAD
2
0
beyondta gbpcad gbpcadlong gbp cad
I'm getting long GBPCAD because there is lots of fib and structure confluence here at this 0.6680 zone. Stop is just below demand and 1 ATR below the projected low here at 0.6650. Going to wait till market open next week and scale in as the market pushes lower into this demand zone. Trade at your own risk. This is just my TradingView.
Comment:
A look at the DAILY chart show more bullish confluence. Price is re-visiting the "inverse head and shoulder" neckline. Next fib confluence zone at 1.7200 and next real overhead supply zone is 1.7600 which is what I'm expecting.
snapshot
Comment:
Flirting with target 1 at 6840, I've reduced risk by moving stop loss to 1.6640. Now risking 42 pips to gain 190 pips if we realize target 2 at 1.6970. Still smells nice.
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