GBPCAD looks like its going to retrace the 61.8 Fibonacci level. So Selling the breakout looks like a good idea and then when its reach the 61.8 We can look for Long up till` the 127.20!
This chart showing my view of the market, trade only if u know how the trade breakouts!
Feel free leave a comment below.
We may see one more small up move, but eventually break and retrace the 50.00 - 61.80 Fibonacci Level.
Selling the Breakout looks good idea!
Only trade this kind of move if You have a strategy for it.
This chart is showing You my view of the market.