Are you bearish on the GBPCAD? I am…

There is still a long way to go before the GBPCAD reaches the next LT support level, it is currently trading at 1.5611 and the next LT support level is at 1.5427, more than 170 pips away. So we have plenty of room to get a good trade going.

This is the hourly chart:

As you can see it has a clear resistance level, which is exactly where I’m going to be looking for my short opportunity.

Do you agree with me?

Trade Safe!

Raul Lopez
Forex Coaching

forex, 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 .