It's been over two weeks since I last posted on TradingView. I've been very busy focusing on my trading and making sure my premium members were progressing in my signal group.
However, I am back now and have spotted a great opportunity on this pair.
I hope to catch the pullback and catch around 80 pips. Having said this, if my target hits before hitting my...
Looking at the weeks support level that has been created we are looking for a further push back up in the London open and NY open.
Very small stop loss in case this level is broken, small target of 60 pips,
GBP CAD has HIT Major resistance level @1.6400
Call it a Marabouzi call it a railway track call it what you like
The GBP CAD short has hit a brick wall @ 1.6400
Its a bit like when you throw a tennis ball @ brick wall
The bounce is usually good for a few yards or in this case a few 100 pips
Fantastic ROI potential
Looking for a long entry on GBP/CAD. Hit major support level, looking for a bounce off this support level to the upside. Specifically looking for a double bottom around this level to confirm entry to the upside.
GBP showed signs of weakness from the end on last week, which has brought the price down which met 127.2 fib extension. GBP average earnings higher than foretasted should strengthen GBP.
Retracement now over-due await for further PA first TP 78.6% TP2 61.8%