WFFX

GBPCAD Daily TF Analysis

FX:GBPCAD   British Pound / Canadian Dollar
Evening traders, recently one of my favourite pairs, some nice intraday impulsive moves.

GBPCAD will we get a bullish push and break the ascending channel up to previous highs around 1.8 level or continue the channel with a slight retracement down to the bottom of the channel and a continuation, or even CAD strength and a break of the bottom of the channel and a retest of the 1.68 level.

An interesting post that I saw earlier, especially if you're only just getting into trading and analysis, if someone is using words like 'has to' or 'will' when explaining their analysis then it really should be a red flag, the market will do what ever it wants when it wants (Akil Stokes) why I usually give long and short opportunities, and ask questions of where price may go.

At the end of the day no one knows where price will go, so plan for the probable and the possible.

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