GBPCAD testing multiple FIB levels
GBPCAD consolidating within 1.7960-1.8660 since Feb 2014. It has bounce up from almost all FIB retracement levels, 38.2% 50% 61.8% 70.7% 78.6%. The only remaining FIB level not tested yet is the 88.6%. Based on the evidence of price action, i think GBPCAD should bounce up from 88.6%. Enter long around 1.8040, the 88.6% FIB retracement level.
Long GBPCAD 1.8030-40
SL 50pips
TP1 100pips
TP2 200pips
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ForexPositive.com
Twitter ForexPositive
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Long GBPCAD 1.8030-40
SL 50pips
TP1 100pips
TP2 200pips
================
ForexPositive.com
Twitter ForexPositive
=================
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.