GBPCAD buy setup Long

British Pound/Canadian DollarFXCM

Description

⋅ Mar 21, 2016 1:43 PM

The GBPCAD is breaking out of the downtrend , it is now in a corrective structure so buying the breakout of this corrective structure is a good idea.

Trade with care.
Thanks for your support.

Elliott Wave

Comments

Quietseeker

⋅ Mar 21, 2016 10:32 PM

Not convinced...on the way to 1.80, I believe, over next couple of months..daily chart suggests a much weaker outlook

OdoFx

⋅ Mar 21, 2016 2:37 PM

hello Anil, is it possible it will retest broken uptrend?

OdoFx

⋅ Mar 21, 2016 2:37 PM

tradingview.com/chart/YqX5q8A7/

Cazzie

⋅ Mar 21, 2016 2:25 PM

Not too sure Anil that this pair has finished it's monthly downtrend, but the 60 minute is looking like an up move is very likely.

LolliPip

⋅ Mar 21, 2016 2:08 PM

Yes, I was looking at this one and of course I agree!

PooyaSalehipour

⋅ Mar 21, 2016 1:46 PM

big like

TheBanker

⋅ Mar 29, 2016 9:19 PM

SarathWeerasinghe

⋅ Mar 24, 2016 4:56 AM

thanks mr. anil

mshuaibi

⋅ Mar 22, 2016 3:47 PM

I am in 1.8550

NHTG

⋅ Mar 22, 2016 8:52 AM

Thanks for the analysis - still interested to see how this develops.