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GBP/CAD downtrend moving into sideways momentum (Daily chart)
British Pound / Canadian Dollar
Long
GBP/CAD downtrend moving into sideways momentum (Daily chart)
By chiefcapitalfx
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Follow
Jan 19, 2017
4
Cheer
Cheer
Jan 19, 2017
As you can see in the trade, I've placed the trendline showing the current momentum which is a downtrend but however, it turns into sideways momentum.
Two double bottoms appear as well some strong upward move.
Hoping to take profit around the 1.75 area and stop loss is placed at 1.58338.
Just a noobie btw so I don't want no shtick from this but do however provide some constructive criticism and let me know if something looks off
Trade safe and take care guys,
Daily Charts
Double Bottom
gbp-cad
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