Inzamam9012

Trading Idea Regarding GBPCAD

Long
Inzamam9012 Updated   
FX:GBPCAD   British Pound / Canadian Dollar
This pair is going to bullish right now

Technical Analysis:
1-Break Out Range 4hour Time Frame
2-Break out Downtrend line 4Time Frame
3-Break out Strong Resistance on Daily Time Frame
4-Moving towards top of the range on weekly time frame after retesting previous resistance level

Sentimental Analysis:
1-USDCAD has broken the downtrend line and is adopting bullish behavior (CAD weakness)
2-CADJPY retest the falling resistance and new lower low is expected(CAD weakness)



Comment:
Correction to weekly time frame analysis
Trade closed: stop reached:

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