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):

If it breaks the ST support level, I’ll start looking for short opportunities.

All take profit orders should be set around 1.5460

Trade Safe!

Raul Lopez
Forex Course

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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 .