FX:GBPCAD   British Pound / Canadian Dollar
Looking on the 4 hour chart, GBPCAD has been selling off since Christmas Eve (24th December). We are currently trading in a significant support zone , which has been respected twice.

I think a short term buy position is a potential, using the Stochastic indicator and the Resistance Zone which are marked on my chart.

However, we will be swing trading a Short position as the market follows the descending trend.

Let me know your thoughts!

@newgenforex in all social media platforms.


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