GBPCAD – Looking forward for the support breakout
After yesterdays swings a few currency crosses formed a range around important LT levels, and as you already know, its very important to determine the range in order to start looking for trade opportunities (i.e. after a breakout of the support level).
The GBPCAD is one of those cases. Right now, I’m looking forward for a breakout of the support short term level around 1.5921 (lower green level):
All take profit orders should be set around 1.5460