Hello traders. So here is our analysis on GBPCAD
. Its a very simple analysis. We have used SUPPORT and RESISTANCE
line. The pair is moving inside its CHANNEL for a long time now but has respected its support and resistance
line every time. Now as we can see that the pair has hit its resistance line it has started to fall down.
One can see it with TP=1.60000 and SL=1.78000
Views welcome. Thanks.