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Short-term Trading Idea FX GBP/CAD – Bull Speculation: Expected Break in 2.032 Resistance

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Trading opportunities for currency pair: due to oil prices falling, we should consider a break in the resistance after a bounce to 2.020. If the buyers pass 2.0335 on Monday, keep 2.0500 in your sights. The idea will be valid for just one week and will become invalid at any point if the four-hour candle closes below 2.0150. As things are at the moment: The Canadian is sensitive to oil prices. The set-up on the GBP to CAD changed from 4th November after a new phase of oil prices falling. Due to

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