Short-term Trading Idea FX GBP/CAD – Bull Speculation: Break from Support with Two Pinbars

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Trading opportunities for currency pair: The price has broken from the support. We have two pinbars and a double bottom. On Monday it’s better not to make any big deals and keep an eye on the price of oil. If the GBP/CAD doesn’t fall, we could see two price zones as a target: 2.0325 and 2.0550. If the price of Brent restores above $35, it will be worth staving off pound purchases. Background The last GBP/CAD idea I made was out on 28th December of last year. Back then the pound was going for

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