I think there will be a break out to the upside for the GBP against the CAD.
around the 2.05 mark there was once resistance which is now kind of a support area. There is a big pair of tweezer bottom candles on the 12th and 13th January.
there is a long trend up - and some consolidation around the 2.06 point where I entered.
Price forming into the point of a triangle - have allowed a bit of room on the stop loss.
let me know your thoughts.
around the 2.05 mark there was once resistance which is now kind of a support area. There is a big pair of tweezer bottom candles on the 12th and 13th January.
there is a long trend up - and some consolidation around the 2.06 point where I entered.
Price forming into the point of a triangle - have allowed a bit of room on the stop loss.
let me know your thoughts.
Trade closed: stop reached