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Gbpcadforecast

Are you a drunken idiot?You can see our support and resistance zone ( red box ) that is marked out with arrows to show where this zone has been respected as support ( orange ) and resistance ( purple ) Now price is currently hanging around this zone like a drunk idiot who doesn't want to leave the bar at closing time because he has spent all night trying to hit on the bar maid who is 20 years younger and way out his league... yes he gets REJECTED and goes home alone... just like price here is going to get REJECTED and make bearish movements. We can see price making moves down to our TP zone ( green box ) This would give you around 80-100 pips. As always with GBP pairings trade with caution until the muppets that run this country can decide what they are doing.
Short
by ApexFX_Pro
Want a PI#S with a FREE ALCOHOL?Circled in purple you can see how price hit our support zone and then bounced, we can see price making a bullish run up to our TP1 zone ( 1st green box ) this is 100 pips away, so even though this is a little late entry there will still be some good pips to be caught. After TP1 is hit there is a possibility that price might also hit our TP2 ( 2nd green box ) Like always trade with correct risk management, especially with BREX#@IT going on and the joke that is the UK government who couldn't organise a pi#s up in a pub with a free alcohol. These are only our views and please only use them if they line up with your own analysis.
Long
by ApexFX_Pro