khansalarehsan
Short

GBPCAD Range bound trading

FX_IDC:GBPCAD   British Pound / Canadian Dollar
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2
GBPCAD remains range bound until it is not. Recently this pair made a false breakout of the highs on the daily timeframe . It is now reached the resistance and it is more likely for this pair to visit the lower band of the range again. Also if you see the weighted average Sterling you can see that all GBP crosses on average reached a falling trend line (resistance too).


Comment: Breakout of the neckline at weighted average CAD. Oil going to fly soon.

Comment: The only trade which I added more ...
Comment: Another opportunity to add again. Look at the high of today's candle. It made a false breakout of the high and then completely reversed.

Trade closed: target reached: Closed with 384 pips of profit
As you can see trade opened at 1.74012 and closed at 1.7017.
Thanks for following

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