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peterbokma

GBPCAD-BUY strategy 4-hourly

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
peterbokma  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
The pair had a sharp move lower breaking out of a cluster. We are way-below Keltner and we are extremely oversold suggest we may expect a pullback.

Strategy BUY @ 1.6980-1.7010 and take profit @ 1.7137. SL depends to your personal viewpoint, however, I suggest a rough 1.25% of investment capital as a reasonable assumption.
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