theforexportal

GBP/CAD BULLISH but could head lower on open.

Short
FX:GBPCAD   British Pound / Canadian Dollar
180 pip BULLISH move for GBP/CAD last week and signs of more to com. Price has broken the falling trend line and closed above the 100 sma on the DTF .
TDI is interesting with a DTF squeeze in progress and the RSI pushing the upper volatility band.
H1 is stretched though so the recommendation is to BUY lower down.

Trade idea
Look to BUY at 1.6437 area.
SELL from current levels (1.6531) on open down to 1.6437.