GBPCAD has been indecisive in the 4 hour chart right below 1.67 level. Looking at higher timeframe, we could see that since August this year, 1.67 ~ 1.675 got tested more that five times and GBPCAD failed to break above this level.
Even thought we saw a bullish candle on 20 October, but it seems to be running out of steam to rise higher. Fundamentally, as the UK is entering into discussion with EU, uncertainty is hammering the chance of GBP rising higher.
Entry 1.669 TP1 60 pips at 1.663 TP2 280 pips at 1.641
Happy trading!!
Operación activa
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good timing, 20 pips to the first target
Operación activa
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Target 1 reached. 60 pips collected.
Operación cerrada manualmente
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closed at BE. the resistance has turned into support.