Get started
FxWirePro

GBP/CAD short opportunity

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
FxWirePro  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBP CAD GBPCAD gbpcadshort
2
0
trendanalysis chartpattern indicator gbp cad gbpcad gbpcadshort
Technical indicators support downside in the pair. Scope for weakness till 100-DMA.
Support levels - 1.7342 (cloud top), 1.7320 (trendline), 1.7227 (100-DMA)
Resistance levels - 1.7398 (50-DMA), 1.7440 (5-DMA), 1.7511 (23.6% Fib)

Good to go short on upticks, SL: 1.74, TP: 1.7320/ 1.7230
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.