GBPCAD Longs
GC (GBP/CAD) longs
As per analysis this pair reached the top of our ascending channel and pushed up and threw also pushed threw the descending trendline which has made a triple zone (highlighted). Our bias is from here this pair will respect this triple zone area and push up to 1.74458 area before retracing to make a double zone before going long again.
Another good confluence is that we have a weak CAD which will also help drive the GBP up
As per analysis this pair reached the top of our ascending channel and pushed up and threw also pushed threw the descending trendline which has made a triple zone (highlighted). Our bias is from here this pair will respect this triple zone area and push up to 1.74458 area before retracing to make a double zone before going long again.
Another good confluence is that we have a weak CAD which will also help drive the GBP up
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