News event for the day that could affect this trade

. (GBP) PMI Construction
. (CAD) EIA Crude Oil Stocks change



GBPCAD price action is in an uptrend we breached and close above daily resistance level. There could be short term opportunity to buy this pair towards the next resistance level at MR1 - 1.8090.


On hourly, Price is approaching hourly role reversal level. I'd go long at support with stop below recent structure low at 1.7570 and short term profit target at WM4 - Bulls profit taking zone for the week.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.