RiosTrades

GBPCAD BREAKOUT

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FX:GBPCAD   ポンド/カナダドル
After price respected this very nice bullish trend line, the Pound/Canadian ended with a breakout of that trend. I'm interested in price breaking below support and possibly shorting the pull back into previous structure because if we look left of where price is at right now, we see very key levels of resistance which makes this a key swap level. Price turning from Resistance to Support and vice versa, why are these levels important? Because they show respected historical data which leads us to believe price is very strong if it does break these levels of structure so price action must have the same momentum to continue shorting if price does break below.
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