tradingalone
Long

Long GBP/CAD at bottom of weekly range

FX:GBPCAD   British Pound / Canadian Dollar
7 0 0
Monthly GBP/CAD             is in an uptrend but it faces strong resistance at the 2.07321 level.

On the weekly chart it ranges between the 2.08 and 2 region.

Daily chart we are in a range/ mild downtrend.

Watch for a return to the 1.988 region for a potential Tier 1 long trade.

It is tier 1 because the trends are mixed and price rejected a monthly key level.
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