MoneyTalks58
Short

GBPCAD Rebound From the 200 SMA

FX:GBPCAD   British Pound / Canadian Dollar
181 1 1
When we look at the GBCAD pair on daily basis, we can clearly see that 200 SMA is storng resistence and the last price action was the third rebound from this MA. There is a nice daily pin bar over the 200 SMA and an important fibonacci level. I expect a downward movement through the 1,7965.

Target: 1,7965
Stop Loss: 1,8255
Another Fib level was broken by the price. More pips are coming I guess.
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