Hope you all had a great weekend! I did, and I’m ready to start the week with some good trades… are you?
Now, let me talk to you about the GBPCAD, last week I focused on a few EUR crosses, but some GBP crosses are also tradable, I mean, when you look at their long term charts, you get the feeling that its clear what the market is likely to do…
Take a look at the GBPCAD:
What do you think the GBPCAD will do next? Since it was rejected from the bottom of the range, I guess it will continue its way up until it reaches the next LT resistance level. Therefore, only long opportunities are in play here.
Have a great week ahead!