Today $USDCAD made a new yearly high above 3352 and on there is also breaking which indicates more upside is to come. However, I prefer to sell $CAD against other currencies too and one of them is $GBPCAD .
I am buying $GBPCAD here with Stop loss bellow today's low and TP at 78,6% fib around 2.0750, a Risk/Reward bigger than 3/1.
Also on this $GBPCAD 4hr, we can see that is also breaking here AND I know alot of traders that are saying that we have a here BUT that formation ONLY comes into play when he breaks the neck line, which still did not!
A big up move here can stop out many sellers!
Good luck to us!