KanoFX

GBPCAD Trend pullback. Awaiting continuation LONG

Long
FOREXCOM:GBPCAD   British Pound / Canadian Dollar
GBPCAD has retraced the upward move from last month back down to support at 1.695-1.7. Price has accepted above the 1.7 level and furthermore volatility over the past 4 days has dropped significantly suggesting a large move is coming. The move will more likely be to the upside in line with the major trend over the past 3 months and bullish fundamentals for GBP.
Entry at a clean break and close above 1.71 on the 4H.
SL back behind lows 1.693.
My short term target is at 1.772, longer term target for this pair at 1.9.
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