British Pound / Canadian Dollar
Long
Updated

GBPCAD Strong Buy Signal: 12-01-2021

56
Good Morning Traders. Once Again I bring you my trading idea . If you like my idea please like and share.

We are seeing GBPCAD bounce off the the 50 period moving average which also happen to be at the support level. My prediction is that we are most likely to see this pair push up to near the resistance level

Go long at 1.7307
Take profit at 1.7438
Stop loss below the recent swing low 1.71716
Trade closed manually
I do not like it when price retrace inches from my target. +100 Pips

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