Ryan_lopes

Short sell on GBPCAD (inside channel movement. TP and SL)

Short
FX:GBPCAD   British Pound / Canadian Dollar
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.

Ryan.R.Lopes

Comments

here is what I will be following on gbpcad, looks interesting
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Ryan_lopes transparent-fx
@transparent-fx, NIce. Market condition look very bad, very high volatile. Will be interesting to see whats happens. Thanks for the comment.
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