GBPCAD – In a LT range

The GBPCAD is trading in a long term range in between 1.5874 and 1.6386:

It is clear that the GBPCAD is being rejected from the support level, this triggered a bullish market condition, and therefore only long opportunities are in play.

The next LT resistance level is at 1.6386 and it is currently trading at 1.6083, so there are more than 300 pips before the market gets there, plenty of room.

Trade Safe!

Raul Lopez
Price Action

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Raul Lopez

I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .