GBP/CAD possible long Opportunity. This daily chart indicates the market will most likely bounce off this historical support level. As you can see on the analysis, this currency pair, has bounced off this support level every time in the last 10 years. A trade like this can offer a favorable risk: reward ratio.
Disclaimer: This is simple technical analysis. Fundamentals & technical indicators should also be considered before entering a trade like this. If you would like to receive weekly analysis like this, with an in-depth fundamental and technical analysis breakdown. Please message me or follow me on Instagram at blackbaytrading_charts
Disclaimer: This is simple technical analysis. Fundamentals & technical indicators should also be considered before entering a trade like this. If you would like to receive weekly analysis like this, with an in-depth fundamental and technical analysis breakdown. Please message me or follow me on Instagram at blackbaytrading_charts