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British Pound / Canadian Dollar
Long

GBPCAD Long: Crab + RSI Oversold

By glennmercer
Updated
GBPCAD has entered the PRZ of a bullish crab. The RSI is quite overextended as well, so a 38.2% correction is likely at these levels. Entry is placed at the base of the PRZ with target at .382CD and SL outside of 1.786XA.

Confluence in the PRZ:
  • Bullish crab
  • 3AB=CD
  • 5BC Projection
  • RSI Oversold
Trade active
Trade closed: target reached
Target achieved painlessly: +81 Pips
Bullish CrabconfluenceCrabGBPCADglennmercergmercerfxPRZRelative Strength Index (RSI)rsi_oversold
glennmercer
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