EliteFxAcademy

GBPCAD sellers showed momentum, now it is buyers turn

Long
FX:GBPCAD   British Pound / Canadian Dollar
GBPCAD sellers showed momentum, now it is buyers turn. This interesting currency is looking bullish because of strong buyers momentum.
Price has already tested our resistance where is our following target.

Our expectation for bullish trade is that, price has to maintain in green spot where they can fin a new chance to reach previous higher high from today. Next target is dependent from momentum on sellers side. We'll decide how we can handle position after reaching first target.

For entry , price has to maintain in green spot and break above green spot where we can expect buyers second try to following targets.

Elitefxacademy