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

GBPCAD Analysis

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 .