thabang860

The Comeback Of GBP VS The Canadian Dollar

Long
FX:GBPCAD   British Pound / Canadian Dollar
While Many Traders are looking to Sell , I am rather looking to Buy With many Confluences , Using fundamentals We can see both the GBP And CAD are Weakening , But My Money Is on the GBP to make a Comeback. With A perfect set up Of divergence and a Major support Level , I See the GBP bouncing off the Support Going into a Buy. As we Can see the Market is making Lower lows while the OBV is making higher Highs with confirmation from the RSI And support and resistance this is the perfect divergent set up for A Buy. Only risking 22 pips , We are hoping to hold this trade for a potential +100 pips. We shall be going long. And adding more trades along the way.

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