Long GBP/CAD
I am taking a long position in GBP/CAD at 1.560 with stops below the lows at 1.5530 and targets of 1.57 and 1.5850. The pair has broken and retested its declining trend line. The RSI was also posting a divergence on both the short and long term charts. This is a follow up analysis from last week where we had indicated potential bottoming in this pair (http:/
Good Luck Trading.
Comments
- Luv Sharma 287 days ago
i agree. Other commodity pairs have already given a positive breakout though. Lets see how this one pans out,
- Yogesh 286 days ago
man caddy is so strong right now..... will have to wait more until we get a break
- Luv Sharma 286 days ago
I think CAD is neat the end of its strength. Should start correcting within a couple of days.
