Long GBP/CAD at bottom of weekly range
Monthly GBP/CAD is in an uptrend but it faces strong resistance at the 2.07321 level.
On the weekly chart it ranges between the 2.08 and 2 region.
Daily chart we are in a range/ mild downtrend.
Watch for a return to the 1.988 region for a potential Tier 1 long trade.
It is tier 1 because the trends are mixed and price rejected a monthly key level.
On the weekly chart it ranges between the 2.08 and 2 region.
Daily chart we are in a range/ mild downtrend.
Watch for a return to the 1.988 region for a potential Tier 1 long trade.
It is tier 1 because the trends are mixed and price rejected a monthly key level.
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