ysl32

GBPCAD looking bullish

Long
FX:GBPCAD   British Pound / Canadian Dollar
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4
market broke the 1.75 level so im just waiting for a cheeky retest with a bullish candle signal then long. I might use the daily tf to get in a bit earlier.

Comments

i would wait slightly longer, its had a huge move up and deviated from the mean, suggesting a mean reversion is likely, the current 4hr time frame also reflects that, its produced a huge rejection wick and made a lower low and a higher low (still in progress). I'm looking to go long around the 1.70 even handle.
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